MINT Claims ฿571m Against “Marriott” due to Wrongful Acts Committed in the Management

Minor International Public Company Limited (MINT) has announced it has, through its 100% subsidiary MI Squared Limited, initiated legal action in Thailand against Marriott International, Inc. and its Thai subsidiary Luxury Hotels & Resorts (Thailand) Ltd. (together, Marriott), claiming wrongful acts committed by Marriott in the course of its management of the JW Marriott Phuket Resort & Spa, which is owned by MINT.

MINT has made a claim against Marriott in the initial amount of THB 570,605,134. In its claim, MINT highlights a number of acts which it believes constitute breaches of Thai law by Marriott. MINT’s claim has been accepted by the Thai court and is now in process.

The initial claim amount is less than 5% of shareholder’s equity of MINT as of March 31, 2019. Hence, it would not have any impact on the operation of MINT’s business.