Home MMBIZ News Thai Beverage Subsidiary Establishes JV in Myanmar

Thai Beverage Subsidiary Establishes JV in Myanmar

Thai Beverage has announced that its subsidiary, Oishi Group Public Company Limited, has approved the project of investment in expansion of restaurant business in Myanmar.

Oishi’s board of directors has also approved the investment in the joint venture company between Oishi F&B (Singapore) Pte Ltd (OSPL), an indirect subsidiary of Oishi Group in Singapore, and CM Foods Co Ltd (CM Foods) in Myanmar to serve the expansion of restaurant business.

The investment proportion of OSPL will not exceed 40 million baht ($1.29 million), the company said.

The JV is set to be incorporated by May.

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