Last month, global seafood giant Thai Union spun off pet food company i-Tail from its parent business and re-listed on the Stock Exchange of Thailand with a new issue of 132 million shares. Thai Union currently holds 77.82% stake in i-Tail.

On December 16, i-Tail announced to the Stock Exchange of Thailand that it intends to establish i-Tail (Shanghai) Co., Ltd. and i-Tail Europe in the Netherlands.

It is reported that the registered capital of i-Tail Shanghai Company is RMB 10 million. The company will develop its own brand in the Chinese market, develop pet food and pet-related product business, and seek new market opportunities in pet food-related fields.

i-Tail Shanghai will also be an importer and distributor of pet food, the main products of which are not produced in mainland China.

With a registered capital of 1 million euros, i-Tail Europe mainly targets the UK, Germany, France and the Netherlands, and its branded products will be imported from overseas (mainly Thailand).