Thai Beverage subsidiary establishes JV in Myanmar

Aims to expand restaurant business.

Thai Beverage has announced that its subsidiary, Oishi Group Public Company Limited, has approved the project of investment in expansion of restaurant business in the Republic of the Union of 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 the Republic of the Union of Myanmar to serve the expansion of restaurant business with an investment proportion of OSPL not exceeding 40,000,000 Baht.

The JV is set to be incorporated by May 2014.

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