Petra Foods sets up subsidiary in Ecuador

Petra Foods said the company has incorporated a wholly-owned subsidiary, DelfiCocoa Ecuador SA (DCEC SA) in Ecuador for the purposes of cocoa bean sourcing and processing.

DCEC SA is held via the company’s wholly-owned subsidiaries, Delfi Cocoa Investments SA and Delfi Cocoa Investments 1 Pte Ltd, and has an issued capital of US$25,000 ($31,390).

The issued capital was paid in cash and funded through the company’s internal financial resources.