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Article: Thai Union Frozen Products Acquires 8 Percent of a New Joint Venture.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 25, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. 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 Post, Thailand Knight Ridder/Tribune Business News
Feb. 25--Frozen-food exporter Thai Union Frozen Products (TUF) has acquired 1.36 million shares or 8 percent of Future Biz Co, a new joint venture between Traffic Corner Holdings Plc and Biz Dimension.
In return, TUF had given Future Biz six million shares in Biz Dimension Co, an e-commerce service provider, TUF told the Stock Exchange of Thailand.
TUF said its stake in Future Biz was worth 6.8 million baht.
The share swap has given Future Biz a 99.99 percent stake in Biz Dimension, which operates FoodMarketExchange.com and ThaiFarmZone.com, both online procurement and ...