FOOD
CPF revs up investment budget by 50%
- Published: 6 Nov 2012 at 00.00
- Newspaper section: Business
SET-listed Charoen Pokphand Foods Plc (CPF) has revised up its five-year investment budget ending 2016 by 50% to 75 billion baht.
President and CEO Adirek Sripratak said the budget was raised after the company saw more potential acquisition targets in Asia.
Last year, CPF agreed to pay US$2.1 billion baht for a 74.2% stake in Hong Kong-listed C.P. Pokphand Co Ltd, which has two main businesses, animal feed in China and integrated-farm operations in Vietnam, through CP Vietnam Corporation.
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