Sino Grandness

[Young Investor]

In pg 9 of Thoresen Thai Agencies annual report http://tta.listedcompany.com/misc/ar/201...-en-01.pdf,
CEO mentions the possibility of Garden Fresh expanding beyond China:
 

Q8: Why did you acquire Sino Grandness? Does TTA Group intend to expand into the F&B business?

It has always been our aspiration to enter the food & beverage business given its high growth potential and
strong earning visibility. So when the opportunity to acquire a fast growing food and beverage company, Sino
Grandness Food Industry Group Limited (“Sino Grandness”), emerged, we decided to act and acquire a 9%
stake in the company. We are excited not only by the exposure to the huge Chinese consumer market, we also
like the dominant market position held by its beverage subsidiary Garden Fresh in the fast growing, and largely
untapped, loquat juice segment in China.
Many have recently questioned our commitment to Sino Grandness, and to which I have answered with our firm
belief in the company. We believe Garden Fresh has an opportunity to tap into international markets, and we will
be supportive of its expansion outside China. In fact, with similar taste-buds among Southeast Asian consumers, we
see potential for Garden Fresh to market its loquat juice product across the region. Thailand will be good market to
start.
Sino Grandness is the start of many more F&B acquisitions to come for TTA Group and we believe it represents a good
start. We have what it takes to build a reputable F&B business in Thailand - this will a key space to watch.