Thai Union Group Public Company Limited (SET: TU) has informed the Stock Exchange of Thailand that the company has divested its investment in 100% of the total registered capital of Thai Union Lifescience Co., Ltd., which operates distribution of supplements, to a third party who is not a connected person. As a result of this transaction, Thai Union Lifescience Co., Ltd. no longer qualifies as a subsidiary of the Company.
The company by its executive committee has the opinion that an investment in supplement business is no longer aligned with company’s long term business plan and the exit from an investment in supplement business will be beneficial to the company in long run. This divestment will not have any significant impact to the operation nor financial position of the company.
