MINT Buys 60% of Maldives’ Crystal Plaza Resort for THB1,300 Million

Minor International Public Company Limited (SET: MINT) announced on Wednesday that its wholly-owned subsidiary, Minor Hotel Group MEA DMCC, had entered into a transaction to acquire 60% of the shares in Crystal Plaza Private Limited (Crystal Plaza) for US$36 million, or roughly THB1,250 million from the Ocean Mass Limited. 

Crystal Plaza, which runs a resort in the Maldives, has a registered capital of US$ 20 million, or about THB690 million. 

In the same transaction, another buyer, Dana Hospitality RSC Limited, acquired the remaining 40% of Crystal Plaza’s total shares. 

Crystal Plaza is now a wholly owned subsidiary of MINT following the aforementioned share acquisition.