MINT invests 1,650 billion baht to acquire 100% ownership of Bonchon, holding the brand's rights outside of the Americas.

MINT, through its subsidiary, is acquiring 100% of Bonchon International Inc. for approximately $50 million, or 1,650 billion baht, with the aim of increasing revenue from licensing and franchise fees. The deal is expected to be completed by August.

Date 11 Aug 2569 Minor International Public Company Limited or MINT Inform the Stock Exchange of Thailand that MFG International Holding (Singapore) Pte. Ltd., a subsidiary of MINT, has acquired a 100% stake in Bonchon International Inc. The transaction is expected to be completed by August.

สำหรับ Bonchon International Inc. The company owns the intellectual property rights to the Bonchon brand for areas outside of the Americas, with issued and paid-up capital of 406.58 million won, divided into 40,658 ordinary shares with a par value of 10,000 won per share. The total net asset value is approximately US$50 million, or approximately 1,650 billion baht, plus adjustments based on the value of assets as of the closing date, financed through loans from financial institutions.

MINTDisclose the purpose of this investment. To acquire Bonchon's intellectual property for areas outside the Americas, which will increase revenue from royalties and franchise fees. Following the acquisition, Bonchon International Inc. will be a subsidiary of MINT.

Bonchon fried chicken South Korea is the birthplace of the brand, specifically in Busan, but currently, there are very few branches in its home country compared to its international locations.

Bonchon currently has nearly 500 locations worldwide in over 8-9 countries, with its main markets and highest concentration of branches in the United States, the Philippines, and Thailand. It also has branches in other Asian and European countries (information from Wikipedia).

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