ThaiBev sets up two subsidiaries for wholesale and distribution

Each subsidiary has a registered capital of $380,424.

Singapore Exchange-listed company Thai Beverage Public Company Limited (THBEV) has set up two wholly-owned subsidiaries in Thailand, Route To Market Management Co., Ltd. (RTM Management) and Supersub Cash & Carry Co., Ltd.

RTM Management, which is 99.9% owned by THBEV, is an investment holding company in the route to market business, THBEV said.

Supersub is 99.9% owned by RTM Management and will be principally engaged in the wholesale business.

Each subsidiary has a registered capital of $380,424 (THB 10m) consisting of 1 million ordinary shares with a par value of $0.38 (THB 10).

THBEV said the investments were funded through internally generated funds.

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