Avanti Feeds Limited Invests in Thai Union Feedmill Ecuador S.A.S.
Avanti Feeds Limited announced that its Board of Directors approved an investment in Thai Union Feedmill Ecuador S.A.S. (TFME) in Ecuador, South America, on April 1, 2026.The investment, structured as a cash transaction, amounts to USD 3 million. Avanti Feeds Limited will hold a 10% shareholding, representing 3 million shares with a par value of USD 1 per share.
TFME, yet to be incorporated, will be engaged in aquaculture feed manufacturing and distribution in Ecuador. It is an associate company and joint venture partner of Avanti Feeds Limited, with Thai Union Feed Mill Public Company Limited, Thailand, serving as the holding company. The company will operate within the aquaculture industry.
| Particulars | Details |
|---|---|
| Entity Name | Thai Union Feedmill Ecuador S.A.S. (TFME) |
| Incorporation Date | Not Applicable (yet to be incorporated) |
| Incorporation Country | Ecuador, South America |
| Holding Company | Thai Union Feed Mill Public Company Limited, Thailand |
| Relation with Listed Entity | Associate Company & JV partner |
| Industry | Aquaculture |
| Product/Line of Business | Aquaculture feed manufacturing and distribution |
| Consideration | Cash |
| Investment Value | USD 3 Million |
| Share Subscription Price | USD 1 per share |
| Shareholding Percentage | 10% |
| Number of Shares Allotted | 3 Million |
The Board meeting commenced at 11:30 A.M. (IST) and concluded at 02:45 P.M. (IST).
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