The independent financial advisor, or IFA, has approved ITC Corporation lending to Thai Union Group, or TU, its major shareholder with an approximately 79.30% stake, a loan of up to 6 billion baht with a term of no more than five years and an annual interest rate of 2.50%. The purpose is to enhance the efficiency of surplus cash management and increase investment returns for ITC under an appropriate level of risk. The loan is unsecured and can be called early with 30 days' notice. The IFA views the transaction as reasonable and beneficial to ITC and will present it to the extraordinary general meeting of shareholders for approval on 24 August 2026.
i-Tail Corp. PCLIFA approves ITC lending 6 billion baht to TU at 2.50% interest, enhancing ITC's surplus cash returns.
Thai Union Group PCLTU receives a 6 billion baht loan from its subsidiary ITC at a low 2.50% interest rate, providing cheap financing.