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| Apr. 09 | Thai Union Group Public Company Limited Approves Dividend, Payable on April 26, 2024 | CI |
| Feb. 21 | Transcript : Thai Union Group Public Company Limited, 2023 Earnings Call, Feb 21, 2024 |
BANGKOK (Reuters) - Thai Union Frozen Products PCL (TUF) may need to raise equity capital to lower its debt-to-equity ratio after a $1.5 billion acquisition of U.S. tuna producer Bumble Bee Seafoods, the company's chief executive said on Friday.
TUF's debt-to-equity ratio will more than double to 2.0 from 0.8 after the acquisition, Thai Union's President and Chief Executive Thiraphong Chansiri told reporters.
The company would target a return to a debt-to-equity ratio of 1 in the future, he said.
Revenue should reach $5 billion in 2015 and is on track to achieve revenue target of $8 billion by 2020, he added.
(Reporting by Manunphattr Dhanananphorn; Writing by Khettiya Jittapong; Editing by Simon Webb and Muralikumar Anantharaman)
| 1st Jan change | Capi. | |
|---|---|---|
| +5.00% | 8.89B | |
| +20.70% | 7.19B | |
| +13.77% | 2.55B | |
| +24.71% | 1.93B | |
| +14.77% | 1.55B | |
| +9.91% | 954M | |
| -3.38% | 899M | |
| +19.35% | 657M | |
| -33.40% | 492M |
THAI UNION FROZEN PRODUCTS PCL 
