Thai starch producer plans to close two acquisitions this year

Image from pixabay.

SET-listed tapioca products manufacturer Thai Wah Plc is in discussions to acquire two production plants in Thailand and Vietnam at a total investment of about 1 billion baht ($30 million).

The talks are expected to be sealed this year and the company plans to fund the acquisitions with cash reserves, said its chief executive officer Ho Ren Hua.

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