SG briefs: Thai Beverage

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Thai Beverage‘s indirect wholly owned subsidiary Food of Asia has incorporated a new subsidiary, Red Lobster Retail Asia in Thailand, with a registered capital of THB45 million, the Thai beverage maker said in a filing to SGX Friday.

Red Lobster Retail Asia, which will mainly operate a food business in Thailand, will be 99.99996 percent owned by Food of Asia, with two shareholders holding one share each, ThaiBev said.