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tdc.co.th

Founded Year

1986

Stage

Secondary Market | Alive

Valuation

$0000 

Last Raised

$6.86M | 3 yrs ago

Revenue

$0000 

About Tapioca Development Corporation

Tapioca Development Corporation manufactures and distributes tapioca starch products and starch-related products such as vermicelli and noodles in Thailand and other Asian countries.

Tapioca Development Corporation Headquarter Location

8th floor Thai Wah Tower 1, 21/19 South Sathorn Rd. Tungmahamek, Sathorn

Bangkok, 10120,

Thailand

(662) 677-4466

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Latest Tapioca Development Corporation News

Thai Wah Public Company Limited Acquired 33.3% Shares in Tapioca Development Corporation Limited from Japan Corn Starch, Tokyo Japan

May 22, 2019

Thai Wah Public Company Limited Acquired 33.3% Shares in Tapioca Development Corporation Limited from Japan Corn Starch, Tokyo Japan May 22, 2019 04:30 AM Eastern Daylight Time TOKYO--( BUSINESS WIRE )--Thai Wah Public Company Limited (“TWPC”), a listed company in Thailand, informed Japan Corn Starch (“JCS”) of its intention to acquire JCS’s 33.3% shares in Tapioca Development Corporation Limited (“TDC”) in order to potentially relocate the factory located in Pattaya Beach, Thailand, based on the expiration of the original lease agreement entered into thirty years ago. TWPC strongly requested JCS to transfer all of JCS stake in TDC for the smooth restructuring of TDC due to the expiration of the lease agreement. JCS understood TDC’s business strategy and its necessity to perform its obligation set forth in the lease agreement with its land owner for the lease of the land where the TDC’s factory has operated for thirty years. Therefore, JCS decided to agree to transfer all of its shares in TDC. Given the foregoing background, effective as of April 24, 2019, JCS completed the transfer of all of its shares (33.33%) in TDC to Thai Wah Bio Power Limited (“TWBP”) which is a subsidiary company of TWPC. TDC is a manufacturer and distributor of modified starch in Thailand, and it was anticipated that the lease agreement with the land owner of the site of the factory in Pattaya Beach Thailand would not be renewed. Since 1989, JCS has been an equal partner with TWPC and a US/European Company and has owned a 33.33% shareholder of TDC. After the transfer, JCS will continue to maintain its tapioca business through its own network nurtured in Thailand and other countries in the South East Asia and expand its starch business including distribution of highly sophisticated modified starch products in order to replace its current Thai business through TDC. Contacts

  • When was Tapioca Development Corporation founded?

    Tapioca Development Corporation was founded in 1986.

  • Where is Tapioca Development Corporation's headquarters?

    Tapioca Development Corporation's headquarters is located at 8th floor Thai Wah Tower 1, 21/19 South Sathorn Rd., Bangkok.

  • What is Tapioca Development Corporation's latest funding round?

    Tapioca Development Corporation's latest funding round is Secondary Market.

  • Who are the investors of Tapioca Development Corporation?

    Investors of Tapioca Development Corporation include Thai Wah Group, Japan Corn Starch and Tate & Lyle.

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