CPF Invests ฿274Mn in Acquiring “Suansomboon” to Support the Research on Agri Plants

Charoen Pokphand Foods Public Company Limited (CPF) announced that CPF (Thailand) Public Company Limited (a subsidiary which CPF holds 99.99% stake) has acquired an investment in ordinary shares of Suansomboon Co., Ltd., a company registered in Thailand, from Aquaculture Promotion Co., Ltd.  with a total value of the transaction of 274 million baht. Upon the completion of the acquisition, Suansomboon Co., Ltd. will become an indirect subsidiary of CPF 

Suansomboon Co., Ltd. operates agricultural plant farming, currently holds developed land of approximately 570 rai at Kabin Buri district in Prachinburi province. CPF expects this transaction will support the studies and research on agricultural plants which is part of the company’s supply chain.