Bangkok, March 14 -- Thailand's largest meat producer, Charoen Pokphand Foods Plc (CPF), is preparing to speed up the initial public offering (IPO) and listing of its biggest offshore unit in Vietnam to fund expansion.
CPF Chief Executive Officer Prasit Boondoungprasert said the company will begin the IPO process as soon as it receives Vietnamese authorities' approval.
According to the CPF, Vietnam accounted for the largest share of the firm's offshore sales last year, about 21% or 122 billion THB (3.5 billion USD). China was second with a contribution of around 6%.
Prasit said Vietnam will become the CPF's biggest growth driver for years to come with its strong economic growth and large population. The listing there will provide new fin...