MINT Takes Over “Bonchon” Business in Thailand, Expecting High Return from the Business!

Minor International Public Company Limited (MINT) has announced that The Minor Food Group Public Company Limited (MFG), 99.73% owned subsidiaries of MINT, has set up Minor Food Holding Co., Ltd. to acquire 100% of shares in Chicken Time Co., Ltd. (Chicken Time).

MINT sets up Minor Food Holding Co., Ltd. with a registered capital of THB 200 million divided into 2 million shares, at the par value of THB 100 each by using the company’s internal cash flow.

 

Minor Food Holding Co., Ltd., as a subsidiary of MINT, acquired Chicken Time with a transaction value of 2 billion baht in order to own and operate the existing Bonchon restaurants in Thailand. MINT expects the investment to strengthen and diversify the Company’s existing business in Thailand and to earn good financial return on the investment through dividend and capital gain in the future.