MINT Doesn’t Play Around! Declares to Go Higher on NHH’s Share Portion
The announcement has been made on July 31, 2018 that MINT will continue to purchase NHH’s share up to 44%.
Minor International Public Company Limited or MINT announces that MHG Continental Holding (Singapore) Pte. Ltd., (MINT’s subsidiary), has secured contractual right to purchase another 22,496,064 shares of NH Hotel Group S.A., a Madrid Stock Exchange-listed company, from Oceanwood Capital Management LLP.
The purchase will be at EUR 6.3 per shares or EUR 141.73 million in total (or approximately THB 5,354.17 million) with condition precedent that the transaction is subject to MINT shareholders’ approval at the EGM to be held on August 9, 2018.
Subject to the EGM Approval, after entering into the above transaction, MINT’s Group Companies will hold shares in NH Hotel Group S.A. equal to 35.6% of its total capital. The shareholding will increase to 44.0% upon the acquisition of another 8.4% from Tanglia, Spain, S.L.U. (HNA Group), which will result in the number of shares under the Bid Transaction decreases from the previous disclosure.
