Thai Express owner plans 40b baht investment in hotels, fast food over 5 years
Bangkok
THAILAND'S Minor International - which owns the Thai Express restaurant chain in Singapore - plans to invest 40 billion baht (S$1.57 billion) over the next five years in a major expansion of its hotel and fast-food chain businesses at home and overseas, a senior executive said on Wednesday.
Chaiyapat Paitoon, vice-president for strategic planning, said more than half of that overall sum will be used to build up existing operations, with about 14-15 billion baht set aside for acquisitions. The company will use internal cash and debt financing to fund the investment, he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case