Minor International Public Company Limited (SET: MINT) has announced the establishment of new subsidiaries via the Stock Exchange of Thailand (SET), with the details as follows:
1) Ocean Gate Hospitality Co., Ltd. was established in October 2025 to undertake investment and related business activities. The company is fully owned by Royal Garden Plaza Ltd., a wholly owned subsidiary of MINT, with a registered capital of THB 1 million, allocated into 10,000 shares at a par value of THB 100 each.
2) MHG Real Estate Desaru SDN. BHD. was set up during the second quarter of 2025 as a Special Purpose Vehicle (SPV) for real estate holdings. With a registered capital of MYR 10.2 million (equivalent to approximately THB 77.5 million), this entity is wholly owned by MHG International Holding (Singapore) Pte. Ltd., which is under Minor Hotel Group Ltd., a fully owned MINT subsidiary.
3) Minor Food (India) Private Limited was established in 2Q25 with a focus on food and beverage operations. The company carries a registered capital of INR 100,000 (about THB 36,000). It is held 99.99% by MFG International Holding (Singapore) Pte. Ltd. and 0.01% by Primacy Investment Limited; both entities are fully controlled by The Minor Food Group PCL, of which MINT holds a 99.73% stake.
4) Sunnies Universe (Thailand) Co., Ltd. was also established in 2Q25, aiming to distribute Sunnies-brand products. The company’s registered capital stands at THB 100,000, with Minor Fashion Co., Ltd. owning 51%. Minor Fashion is a wholly owned subsidiary of Minor Corporation PCL, which in turn is 99.92% owned by MINT.
The funding for these four newly established subsidiaries was sourced entirely from MINT’s internally generated cash flows.
