Bangkok--15 Jun--Minor International
Minor International Public Company Limited (“MINT”) is pleased to announce the result of the tender offer of all of the ordinary shares of Minor Corporation Public Company Limited (“MINOR”). This tender offer has come to an end on June 12, 2009, which MINT was able to acquire a total of 447,411,869 MINOR shares out of 447,795,826 shares through this tender offer. The total transaction value of this tender offer is Baht 4,590.44 million. As a result, MINT directly and indirectly owns a total of 489,386,765 MINOR shares, giving MINT approximately 99.92% holding in MINOR. As MINT emphasis on good corporate governance, this transaction will eliminate all cross shareholdings that exist between the two companies and make the shareholding structure of the companies more appropriate and transparent.
According to the SET, the last trading day for MINOR shares will be on June 19, 2009. The newly issued MINT shares will then be first traded on June 22, 2009.
About Minor International
Minor International (MINT) is Thailand’s largest food service operator with over 1,000 outlets system wide under The Pizza Company, Swensen’s, Sizzler, Dairy Queen, Burger King, Thai Express and the Coffee Club brands. MINT is also a hotel owner, operator and investor with a portfolio of 27 hotels under the Anantara, Marriott, Four Seasons, Elewana and Minor International brands in Thailand, the Maldives, Vietnam, Africa, the Middle East and Indonesia. In January 2009, MINT was recognized by Asia Money magazine as Thailand’s Best Managed Medium Cap Company for financial and business performance, management strategy and vision, and shareholder value creation. The Company’s operations for its owned and managed properties and franchised food outlets currently cover 16 countries with over 20,000 employees worldwide. For more information, please visit www.minorinternational.com
Press Contacts: Pratana Mongkolkul / Prapharat Tangkawattana at Tel: (662) 381-5151