Asian Thai Foods Limited has started preparing to issue an IPO. The company, known for creating its own brand from Rumpum Chowchow, has announced its plans to go public.
On Tuesday, the company appointed Himalaya Securities Banker Limited as the issue and sales manager for the share issuance and signed the related agreement.
The agreement was signed on behalf of Asian Thai Foods by Chairman Shivaratan Sharda, Managing Director Mahesh Jaju, Executive Director Radheshyam Sharda, and Director Ashish Jaju. Representing Himalaya Securities Banker Limited were CEO Subash Bahadur Shrestha and Deputy General Manager Shankar Rajbahak.
According to the press release, this agreement will support Asian Thai Foods Limited in its new business ventures and further expansion of the company.
