The board of listed A Brown Co. Inc. has approved the creation of an agricultural firm that will be engaged in the milling and selling of palm oil.
A Brown will be subscribing to 12.5 million common shares representing 100 percent of the company’s outstanding capital stock upon incorporation. The company is also in the process of building the country’s first commercial electron beam irradiation facility, which is expected to be completed by September this year.
The facility will utilize a new process that enables the treatment of goods using electron beam technology, the first of its kind in the country.
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