Minor International Public Company Limited (SET: MINT) announced on Tuesday that its subsidiary MFG International Holding (Singapore) Pte. Ltd. has entered into a share sale agreement to purchase 100% shares of Singco Trading Pte. Ltd. for SGD 21 million (roughly THB 546 million).
Singco Trading is a holding company for the intellectual property of the restaurant brand Sizzler outside of the United States, Guatemala, and Puerto Rico.
This investment seeks to acquire ownership of Sizzler’s intellectual property outside of the United States, Guatemala, and Puerto Rico.
MINT anticipates that this investment will yield royalty income and open up new avenues for growth.