Thai Union Initiates Process For Dissolution of Thai Union China Company Limited
On Thursday, May 30, Thai Union CEO and President Thiraphong Chansiri informed the Stock Exchange of Thailand that the company initiated the process of dissolution of Thai Union China Company Limited.
Thai Union China (TUC) is a wholly owned subsidiary of Thai Union, registered under the law of China. In an effort to “scale down” its “low profitability businesses,” Thai Union’s Executive Committee made a decision in early May to terminate and liquidate TUC. Chansiri said dissolving TUC will allow Thai Union to “reinvest in...
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