LT Foods’ material wholly-owned subsidiary -- LT Foods Americas (LTFA) has acquired 51% stake in Golden Star Trading Inc. along with its brand Golden Star with a call option to further acquire 49% stake at the end of 3 years. LTFA is a material non-listed subsidiary of the Company contributing more than 35% to the overall revenue through its flagship brand Royal in North America. The acquisition entails strengthening share of LTFA in the branded Jasmine Rice Market.
LT Foods is a branded specialty foods company. It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.
