CPF Affirms on No Impact from the Dissolve of Subsidiaries in UK
CPF stated that the dissolve of 119 subsidiaries in the United Kingdom has no effect on the operating results of the group.
Charoen Pokphand Foods Public Company Limited (CPF) announced that Westbridge Food Group Ltd., an indirect subsidiary of CPF, will dissolve 119 subsidiaries in the United Kingdom (UK) comprise (1) 117 companies engaging in poultry meat products import business in UK, which will cease their operations as UK has changed its import procedures after Brexit and (2) 2 companies which have ceased their operation since 2018 namely, Westbridge Foods (Haydock) Ltd. (distribution of meat products business) and Wignall Holdings Ltd. (investment company). This dissolution has no effect on the operating results of the CPF group.