Charoen Pokphand Foods Public Company Limited (CP Foods) established five new subsidiaries, it said in a notification to the Bangkok Stock Exchange.
CP Food (Zhanjiang) Co., Ltd. will manufacture and sell value-added processed food, which was established in the fourth quarter of the financial year of 2014 with a registered capital of CNY 78.5 million (€11.2 million/$12.6 million).
The company also established Chia Tai Feed (Qianjiang) Co., Ltd., which will manufacture and sell animal feed. It was also set up in the fourth quarter of the financial year with a registered capital of CNY 32 million (€4.6
