Thaiya Corporation aims to enter the dry pet food market.
As Asian Seafoods Coldstroage Public Company Limited informed the investment details of the subsidiary according to the resolution of the Board of Directors Meeting No. 2/2019 on May 13th, 2019 that the Board of Directors approved Thaiya Corporation (Shanghai) Co., Ltd., (a 100% subsidiary held by Asian Group Service Co., Ltd., which in turn is a 100% subsidiary held by ASIAN) to buy 51% of the Shangdong Thaiya Meisi Pet foods Co., Ltd.’s ordinary shares in order to produce dry pet food products in China.
Company Name : Shangdong Thaiya Meisi Pet foods Co., Ltd.
Registered country : China
Type of Business : Dry Pet Food Factory, which produce and sell Dry Pet Food products under OEM.
Registered Capital : 20,000,000 RMB
Paid up Capital : 20,000,000 RMB
Value of Investment : 2,000,000 RMB
Shareholding proportion :
1. Thaiya Corporation (Shanghai) Co.,Ltd. holding in the proportion of 10%
2. Shangdong Meishi Pet Foods Co., Ltd, a Chinese company, holding in the proportion of 90%
At present, the Company is in the process of purchasing 41% more of the ordinary shares of Shangdong Thaiya Meisi Pet Foods Co., Ltd.,using Asian Group Services Co., Ltd.(a 100% subsidiaryof ASIAN) to invest in Shangdong Thaiya Meisi Pet Foods Co., Ltd. as the resolution of the Board of Directors Meeting No. 3/2562 held on 6 August 2019.This process should be completed by August 2019.