NutryFarm Unit Wins 195 Million Yuan Sales Order for Thai Durians
NUTRYFARM International's indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co (GAT), has landed a new sales order worth about 195 million yuan (S$40.59 million) from Moonda (Beijing) Agriculture Science and Technology Co for 300 containers of durians from Thailand.
Separately, GAT has signed a new purchase agreement with Tianchue (Thailand) Co to procure 200 containers of durians from Thailand. The estimated total contract value is 115.2 million yuan.
Recently incorporated in Thailand with a paid-up capital of five million baht (S$0.21 million), GAT will operate and manage the group's durian trading business in Thailand.
GAT is a wholly-owned subsidiary of Global Agricapital Holdings.
Source from: Ramchandani, N.(2021). NutryFarm Unit Wins 195 Million Yuan Sales Order for Thai Durians. Retrieved from: The Business Times, Companies & Markets (June 21, 2021). https://www.businesstimes.com.sg/companies-markets/nutryfarm-unit-wins-195-million-yuan-sales-order-for-thai-durians