BUSINESS

JAPAN CORN STARCH TRANSFERS SHARES TO THAI WAH PUBLIC COMPANY LIMITED

23/05/2019 01:19 PM

KUALA LUMPUR, May 23 (Bernama) -- Thai Wah Public Company Limited (TWPC), a listed company in Thailand has acquired Japan Corn Starch’s (JCS) 33.3 per cent shares in Tapioca Development Corporation Limited (TDC).

According to a statement, JCS has completed the transfer of all its shares in TDC to Thai Wah Bio Power Limited (TWBP), a subsidiary company of TWPC, effective April 24.

After the transaction, JCS will continue to maintain its tapioca business through its own network nurtured in Thailand and other countries in South East Asia, as well as expand its starch business, including distribution of highly sophisticated modified starch products.

The acquisition enables TWPC to potentially relocate the factory located in Pattaya Beach, Thailand, based on the expiry of the original lease agreement entered into about 30 years ago.

-- BERNAMA

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy