Thai food giant Charoen Pokphand Foods (CPF) is planning to privatize its Vietnam and China subsidiaries and delist from the Hong Kong Stock Exchange, it announced Sept. 30.

CP Pokphand Co. Ltd. (CPP) has been listed on the main board of the Stock Exchange of Hong Kong Limited since 1988.

CPF currently owns 49.74 percent in CPP, while Japanese giant Itochu holds 25 percent. Other minor shareholders make up the rest.