Home Business Look at the income of “TFM”, a subsidiary of Thai Union Group, before the first trading day 29 Oct.

Look at the income of “TFM”, a subsidiary of Thai Union Group, before the first trading day 29 Oct.

by news dir

Thai Union Feed Mill Public Company Limited or TFM, a subsidiary of Thai Union Group, operates in the production and distribution of economic animal feed. prepareFirst trading day on the Stock Exchange of Thailand (SET) 29 Oct. 21

On October 28, 2021, Thai Union Feed Mill Public Company Limited or TFM, a subsidiary of Thai Union Group or TU, is a business operator in the production and distribution of economic animal feed. Preparing to trade for the first day on the Stock Exchange of Thailand (SET) 29 Oct. ’21 The company’s main products are shrimp feed, fish feed and land feed. The company’s main income is almost all from sales. The revenue structure for the years 2018 – 2020 and for the six-month period ended June 30, 2020 and 2021 are shown in the following table.

List of major shareholders

The shareholding structure of the Company as of June 30, 2021 and after the IPO, including the list of the first 10 major shareholders, can be summarized as follows:

Sold 109,300,000 shares of IPOs

(1) newly issued ordinary shares offered for sale by the Company in the amount not exceeding 90,000,000 shares

(2) Existing ordinary shares offered for sale by Thai Union Group Public Company Limited in the amount not exceeding 19,300,000 shares.

The total amount is not more than 21.9% of the total issued and paid-up ordinary shares of the Company. After the issuance and offering of ordinary shares to the public (including directors, executives and employees of TU) for the first time The proportion of offering shares to investors are as follows:

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IPO at 13.50 baht/share, open for subscription 19 – 21 Oct 2021

fundraising plan

by the proportion of the projected use of the above money according to the current business plan and it is the best estimation of the allocation of the proceeds from this offering. which depends on the company’s plans and estimates of the Company’s current expenses, while the Company’s future plans and actual expenses may vary

Pay dividends not less than 50%

TFM has a policy to pay dividends to shareholders at least twice a year, totaling not less than 50.0% of the net profit according to the consolidated financial statements. after deduction of all types of reserves according to the regulations of the subsidiary and by law

The amount of dividends paid must not exceed the retained earnings of the separate financial statements. Mainly for the benefit of shareholders such as economic conditions, operating results and financial status of the subsidiaries. Subsidiary’s cash flow Investment plans of subsidiaries each year and the need to use capital for future business expansion

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