CPF organizes business operations, sells 4 companies in China to “Chia Tai CP” – Stock Dimension | Clearly points out every investment

Stock Miti – Charoen Pokphand Foods Public Company Limited or CPF informed the SET that the company’s board approved CP Food Investment Limited, a subsidiary. To sell investments in 4 integrated chicken business companies in China to Chia Tai CP Trading Development Co., Ltd., a subsidiary of the company. Charoen Pokphand Group Company Limited (“CPG”) is a major shareholder of the Company. With a total value of 432 million renminbi or equivalent to 2,152 million baht, the transaction is expected to be completed within Q4/23.

In this regard, the sale of investments in 4 companies, namely 1) CP Food (Hengshui) Co., Ltd., operates business in Hebei Province with a chicken slaughterhouse with a production capacity of 50 million chickens per year, 2) CP Food (Nantong) Co., Ltd. operates business in Jiangsu Province with a chicken slaughterhouse with a production capacity of 15 million chickens per year,

and 3) CP Food (Kaifeng) Co., Ltd. operates business in Henan Province, with a chicken slaughterhouse with a production capacity of 30 million chickens per year, 4) CP Food (Zhanjiang) Co., Ltd. operates business in Henan Province. Guangdong Province, with a chicken slaughterhouse with a production capacity of 30 million chickens per year.

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