Oishi Group Public Company Limited (OISHI) announced the Board Directors’ Meeting on May 13, 2020 has approved the joint venture project of Shabushi restaurant in the Lao People’s Democratic Republic between Oishi F&B (Singapore) Pte. Ltd. (OSPL), an indirect subsidiary of OISHI; Oishi Ramen Co., Ltd. (Oishi Ramen), a subsidiary of OISHI in Thailand and L Thong Huat Telecom Co., Ltd. (LTH). The purpose is for restaurant business expansion in the Lao People’s Democratic Republic. OSPL’s and Oishi Ramen’s capital investment not exceeding Baht 9.18 million, OSPL holds 50.996%, Oishi Ramen holds 0.004% and LTH holds 49%.
The joint venture project scheduled a registered date within 2nd quarter of the fiscal year 2021 with a registered capital of approximately Kip 5,200 million (approximately Baht 18 million).