Thai Union, the world’s largest canned tuna producer, now holds a 49.97% stake in Pakfood, a Thai seafood and ready-to-eat food processor.
The company bought 2,989,999 additional shares of Pakfood from existing shareholders at the price of THB 54.00 (USD 1.82) per share through ACL Securities Co., Ltd.
Thai Union now holds 14,989,999 shares in Pakfood, which is also proposing a rights offering to its existing shareholders (3 million new shares at the ratio of 10 existing shares to 1 newly issued share at THB 50 each). Thai Union has an intention to subscribe Pakfood’s rights offering shares in excess of its entitlement, subject to conditions and criteria under the applicable laws.
