SIAM MAKRO CP Axtra Public Company Limited announced that Siam Food Services Limited, a subsidiary of which 99.99% of the total shares are held by the Company, has already set up a new subsidiary which registered in United Arab Emirates with details summarized as follows: Name of New Subsidiary. Company: MAXZI GLOBAL FZCO. Registered Country: United Arab Emirates.
Objective: to manage patents and intellectual property rights, such as managing the franchise business in relation to restaurants under the trademark " MAXZI The good Food SHOP". Initial Registered Capital: AED 500,000 or equivalent to THB 4.75 Million, Shareholding Structure: Siam Food Services Limited holding 80% of the total shares and Maxwell Pte. Ltd. holding 20% of the total shares.
Source of Fund: Internally generated cash flow.
