Strong partnership – HSBC has provided for Thai Union Group’s banking needs across their nearly three-decade growth journey from a small SME to a global seafood leader.
Increased visibility and control – HSBC’s cash and liquidity management solutions enabled financing and risk management support for Thai Union Group’s companies globally. This provided them with full visibility and control over their overseas operations and regional cash position.
Streamlined treasury management – Through HSBC’s liquidity solutions and HSBCnet platform, Thai Union Group was able to optimise their financial positions, centralise cash management, and improve operational efficiency from its HQ to its subsidiaries. This was achieved through the use of a global cash pooling structure as well as globally centralised platform.
Greater resilience – Digital banking solutions were provided to support Thai Union Group’s remote working arrangements during the pandemic. HSBCnet’s online banking capabilities also helped to reduce the amount of documents that needed physical signatures.
Business diversification – HSBC acted as Joint Global Coordinator and International Joint Bookrunner for the USD590 million initial public offering (IPO) by i-Tail Corporation Public Company Limited, a leading global pet food supplier and subsidiary of Thai Union Group, on the Stock Exchange of Thailand. This was the largest consumer industry IPO in Southeast Asia in 2022.1