MINT Invests ฿114M. to Hold Stakes in Hotel and Airport Operation Business
To increase cash flow and earnings per share, MINT has invested in two new companies to further its investment in hotel-related business and airport lounge development and operation.
Minor International Public Company Limited (MINT) has made an announcement of the acquisitions from MINT’s subsidiaries.
- Minor Hotel Group MEA DMCC, a 100% subsidiary of MINT has invested $3.2 million (approximately ฿105 million) in GHA Holdings Limited for 10% stake to further the company’s hotel-related business investment. MINT aims to increase cash flow and earnings per share from this investment.
- Minor Hotel Group MEA DMCC, a 100% subsidiary of MINT has invested $260,000 (approximately ฿9 million) in a company, Barbarons Beach Hotel MHG Limited for 40% stake. The investment is to develop and operate an airport lounge in Mahe Airport, Seychelles and to increased cash flow and earnings per share for MINT.