Thai Union Feedmill Public Company Limited (SET: TFM) has informed the Stock Exchange of Thailand that the company has successfully completed the incorporation and registration of a subsidiary in Ecuador on September 4, 2026.
Thai Union Feedmill Ecuador S.A.S. was established to invest in the construction of an aquaculture production facility in Ecuador. The subsidiary currently has a registered capital of $27 million divided into 27 million shares, of which the company held 85.19% or 23 million of the subsidiary’s shares.
Furthermore, the company intends to increase the registered capital and restructure the shareholding of the subsidiary to enhance its financial capacity and liquidity, thereby supporting business operations and facilitating future growth and expansion opportunities, as well as establishing strong business partnerships in Ecuador.
Following the restructure, Thai Union Feedmill Ecuador S.A.S. will have a total registered capital of $30 million divided into 30 million shares, however, the company will maintain its 23 million shareholding in the subsidiary.
TFM has previously informed its shareholders regarding the board of directors’ resolution to establish the subsidiary on February 12, 2026.
