Japanese trading company Mitsubishi plans to increase its stake in Thai food storage company Thai Wah Sang by 13.8%.

On August 4th, Thailand's food storage company Thai Wah Trading Exchange announced that Japan's Mitsubishi Corporation plans to acquire an additional 13.8% of its shares for approximately 6.65 billion Thai baht. Mitsubishi will purchase 532.27 million shares of Thai Wah at 12.50 baht per share. Currently, Mitsubishi holds 238.7 million shares of Thai Wah, and this acquisition will increase its total ownership stake to over 20%.