Charoen Pokphand Malaysia

Visiting Chinese official notes cultural, religious similarities

Monday, 25 February 2013

During their visit to Bangkok, a top official of the Chinese city of Luoyang and his entourage revealed their interest in tourism and management of their old city, thanks to the similar culture with Thailand. They are looking for coordination in the field of religion in the near future. Wang Lilin yesterday told Krungthep Turakij newspaper that Thailand and Luoyang, which is in Henan province, had a long relationship and shared many similarities. He and his group came here to study many fields of work, including business, tourism and...

Thailand's CP All Q4 net profit surges

Monday, 18 February 2013

Feb 19 (Reuters) - CP All, Thailand's largest convenience store chain, reported a 75 percent rise in quarterly net profit, boosted by strong domestic consumption and a low comparative base as a result of flooding a year earlier.CP All, a proxy for domestic consumption in Thailand, posted a net profit of 2.76 billion baht ($92 million) for October-December, up from 1.58 billion a year earlier, when sales were hit by the floods.The quarterly profit was slightly below the 2.9 billion forecast by six analysts surveyed by Reuters.For 2012, it...

UPDATE 1-Thai CP All plans 7-Eleven expansion, eyes China licence

Monday, 11 February 2013

* To spend up to $218 mln on new stores, warehouse* Plans to seek licence for China later this year* Will apply to open outlets in Myanmar, Laos, Cambodia* Shares down, but outperforms over past 12 months (Adds details)By Saranya SuksomkijBANGKOK, Jan 30 (Reuters) - CP All, Thailand's largest convenience store chain, outlined plans to boost investment spending and expand its 7-Eleven network to China and neighbouring countries as it looks to grow both at home and abroad.CP All, controlled by Thailand's wealthiest man, Dhanin...

HSBC sells Ping'an stakes to CP Group

Monday, 04 February 2013

The Thailand-based Charoen Pokphand Group (CP Group) has bought HSBC's shares in Ping'an Insurance Co., replacing the latter as the insurer's largest stock holder.The China Insurance Regulatory Commission on Friday gave the go ahead for CP Group to buy all of HSBC's stakes in Ping'an, or 15.57 percent of stock in the country's second-largest insurer.The deal worth 72.74 billion HK dollars (9.39 billion U.S. dollars) is expected to be completed on Feb. 6, according to the Shanghai Securities News.The stocks of...

CPF joins 'Kitchen of the World' project

Monday, 28 January 2013

Charoen Pokphand Foods Plc (CPF) has joined the "Kitchen of the World" project by uniting with The Royal Exquisite Thai Cooking School to encourage Thai chefs to meet international standards.The project encourages restaurant operators to develop more recipes through selected raw materials from CP.Nattachai Thirakunpisit, CPF senior vice-president, said its food service business CPF's food service business enjoys an average sales growth of 20% per year.Thai food businesses overseas have grown by an average of 40% per year, causing...