Avanti Feeds Incorporates Ecuador Subsidiary
Avanti Feeds Ltd has announced the incorporation of its new subsidiary, Thai Union Feedmill Ecuador S.A.S., in Ecuador, South America. The incorporation was effective September 04, 2026. The subsidiary is proposed to be engaged in aquaculture feed manufacturing and distribution. The company has subscribed to shares at a par value of 1 USD per share, acquiring a 10% stake. The subsidiary has not yet commenced business operations, hence its turnover is not applicable. This move aligns with Avanti Feeds' expansion into new geographical markets.
Key Highlights
- Avanti Feeds incorporated a new subsidiary in Ecuador.
- The subsidiary, Thai Union Feedmill Ecuador S.A.S., will focus on aquaculture feed.
- Avanti Feeds acquired a 10% stake for 1 USD per share.
- The subsidiary is yet to commence operations; turnover is not applicable.
Price Impact
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