CPFNW purchased assets in relation to its import and export sales business and related service business from CPM
The Extraordinary General Meeting of Shareholders of CPFGS No. 1/2023, held on 17 March 2023, resolved to approve (1) the change of our name from “CPF Trading Company Limited” to “CPF Global Food Solution Public Company Limited”, (2) the change of par value of our shares from THB 10 per share to THB 0.50 per share and (3) a capital increase of THB 33,350,000 from THB 800,000,000 to THB 833,350,000.
On April 3, 2023 the CPF Board of Directors resolved to approve CPF Restaurant and Food Chain Co., Ltd. ("CPFRF"), a subsidiary of the Company, to enter into the acquisition of the “FIVE STAR” trademarks and service marks which are registered in 12 countries from Charoen Pokphand Group Co., Ltd. (“CPG”) to support the growth of the restaurant business under “FIVE STAR” trademarks and service marks.
We acquired interests from CPM in the following companies in corporate restructuring transactions entered into in connection with the Offering:
- 99.99% of the outstanding shares in Chester’s, IPF and CPFRF;
- 100% of the outstanding shares in CPFFP, CPFHK and CPFSG;
- 52% of the outstanding shares in CPFDK; and
- CPFHK acquired 99.99% of the outstanding shares in CPFEU and 100% of the outstanding shares in CPC.
WBG dissolved 119 subsidiaries in the UK due to the changes in the import regulations, which changed the basis of the quota allocation from the number of licenced companies to the quantity of import.
CPFEU, transferred Charoen Pokphand Foods (Overseas) LLC to a subsidiary of CPF Group.
73 subsidiaries of Paulsen Food GmbH were merged into Paulsen Food GmbH.
CPFEU acquired 100% of the ordinary shares of WBG, whose main businesses are the sale of meat and RTE products to retail, food service provider and food manufacturing customers in the UK and countries in the European Union.
CPF Europe S.A., acquired the remaining 5% equity interest in Paulsen Food GmbH.
CPFUK, acquired the remaining 40% equity interest in The Foodfellas Limited.
CPF Europe S.A., acquired the remaining 42.47% equity interest in CPFUK.
CPFEU, acquired 94.9% of the total issued shares of Paulsen Food GmbH, a company primarily engaged in the sourcing and selling of food products to food service providers and food manufacturers in Germany and other European Union countries.
CPFUK, acquired 59.99% of the total paid-up shares of The Foodfellas Limited, a company engaged in the food service business that imports and distributes raw materials and other food products from around the world to customers in various countries including the UK.
CPFDK acquired 29% of the total issued and paid-up shares in Kalino Food AB, a company based in Sweden.
CPF acquired 99.99% of the issued shares of Chester’s, which is currently operated as a fast-food business in Thailand.
We started, and subsequently transferred to CPFRF, a food court business called “CP Food World” (“Food World”) in Thailand.
CPF started operating the “Five Star” food kiosk chain under a franchise business model.
CPF established CPF trading (“CPFT”) in Thailand
