Bangkok--Jun 15--SET
Sector Reclassifications of MINT Since January 1, 2004, The Stock Exchange of Thailand (SET)has introduced a new classification system which groups related businesssectors together under 8 industry groups. The reason behind this newclassification system was to more clearly represent and accommodatethe diverse core businesses of the listed companies by consideringthe listed companies' principal sources of revenue.
Minor International Public Company limited (MINT) was originallyplaced in the "Hotels and Travel Services" sector under the "Service"industry group. However, upon analyzing its revenue structure andbusiness type, based upon the data provided by it in its 56-1 form,we found that MINT's revenues is chiefly from food business more thanhotel services, which account for 53% of MINT's total revenues.Additionally the company's revenue also has the same movements as thoseof other companies in the "Food and Beverage" sector.Therefore, to better clarify MINT' current revenue bases, the SET willtransfer MINT to its more appropriate sector, effective from July 1, 2005,MINT will be transferred to the "Food and Beverage" sector under the"Agro & Food " industry group. End.