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Article: THAI UNION FROZEN PRODUCTS TAKES OVER TRI-UNION SEAFOODS.
- Article from:
- AsiaPulse News
- Article date:
- December 27, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BANGKOK, Dec 27 Asia Pulse - Thai Union Frozen Products PCL. (TUF), Thailand's major producer and exporter of frozen seafood, said it will make an additional US$38.5 million investment in Tri-Union Seafoods, LLC which is already 50 per cent owned by Thai Union International, Inc. (TUI), an investment arm of TUF.
The investment, which is made through TUI, is expected to turn TUF into a player on a global scale, the company said in a statement to the Stock Exchange of Thailand.
"We support TUI to take 100 per cent stake in Tri-Union Seafoods so as to make our business go faster and leaner in response to Thai Union group's policy. Our source of fund comes ...