Thai agro-industrial giant Charoen Pokphand Foods (CPF) was named the most outstanding company in Thailand by financial publication AsiaMoney.

The award was achieved based on a survey of more than 800 fund managers, buy-side analysts, rating agencies and bankers voting for Asia's listed companies in each business sector in terms of overall performance of financials, management team, and corporate social responsibility.

CPF is expanding beyond Thailand, biting off a 40 percent stake in Brazilian shrimp producer Camanor, covering ponds stretching over 20 hectares at the site at an investment of BRL 16 million (€3.6 million $4 million).

CPF India, an indirect subsidiary of CP Foods, also purchased a 75 percent stake in Sri Lanka-based Lotus Aquaculture Lanka for $1.5 million (€1.3 million).