M Invests ฿2bn to Acquire 65% of “Laem Charoen Seafood” for Business Expansion!

MK Restaurant Group Public Company Limited (M) had announced that the Board of Directors approved Catapult Company Limited, a 99.99% subsidiary of M, to invest in shares of Laem Charoen Seafood Company Limited (LCS) with an estimated investment value of 2,060 million baht.

After the acquisition, Catapult Company Limited will hold 65% shares of LCS. The transaction is aligned with M’s strategy to expand the restaurant business while the agreement is expected to be completed by December 2019.

Moreover, M had approved the capital increase of Catapult Company Limited from 1 million baht comprising of 100,000 ordinary shares at a par value of Baht 10 per share to 2,070 million baht comprising of 207 million ordinary shares at a par value of Baht 10 per share.