Premier Marketing Public Company Limited Announces Progress of the Establishment of a Subsidiary in the People's Republic of China
December 16, 2021 at 05:12 am EST
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As on 9 October 2021, Premier Marketing Public Company Limited registered the establishment of a subsidiary regarding to the resolution of the Board of Directors Meeting No. 3/2021 of the Company which was held on 11 May 2021. Therefore, the Company would like to inform that The Company has completed of 100% payment of the registered capital of a subsidiary on 16 December 2021 in accordance with the legal process of the People's Republic of China. A new subsidiary is as follows: Name of Company: Shenzhen Premier Marketing Company Limited. Investment Objectives: To carry out sales and distribution of the Company's products through both offline and online distribution channels, and includes marketing activities and product advertisements, import and export of products. Registered capital and Paid-up capital: Registered capital: CNY 1,000,000 (RMB). Paid-up capital: CNY 1,000,000 (RMB). Shareholding Proportion: Premier Marketing Public Company Limited 100%. Type of Business: Distribution of food products, snacks and pet food. Operation is expected to begin around the first quarter of 2022. Source of Fund: Working capital of the Company. Transaction Size: 0.20% (calculated regarding to total value of the consideration criteria using information from the financial statements of the Company as of 30 September 2021).
Premier Marketing Public Company Limited is a Thailand-based company, which is principally engaged in the distribution of consumer products. The Companyâs segments include Distribution of consumer products, Manufacture of food, and Cold storage warehouse and services. The Company is a distributor and sales agent of three groups of consumer products: Snack and Confectionery, Food and Beverage, and Pet Food. The Company, through its TARO Brand, distributes TARO Brand Fish Snack products to local and international market. TARO Brand Fish Snack products are available in various markets, such as Cambodia, Laos, Myanmar, Vietnam, China, South Korea, Australia, United States, United Kingdom, and Europe Zone Countries. Its subsidiary in China, namely Shenzhen Premier Marketing Company Limited, to imports, sells and distributes, plans and executes marketing and trade promotion activities of its TARO Brand and Pamper De Cat Brand in China through both offline and online distribution channels.
PREMIER MARKETING 
