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    MINT   TH0128B10Z09

MINOR INTERNATIONAL PUBLIC COMPANY LIMITED

(MINT)
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Minor International : to Raise $345 Million to Strengthen Balance Sheet

06/23/2020 | 10:11pm EST

By Ben Otto

Hospitality company Minor International will seek to raise about 10.65 billion Thai baht ($344.7 million) via a rights offering, part of efforts to strengthen a balance sheet under stress from the coronavirus pandemic.

Bangkok-based Minor, which operates hotel brands including Marriott, Four Seasons and St. Regis in more than 50 countries, will offer 563.3 million shares at THB18.90 per share, it said Wednesday.

The offer price represents an 8.3% discount to the stock's last-traded price of THB20.60.

Minor said it would allocate one new ordinary share per 8.2 existing ordinary shares.

Minor had announced the rights offering last month, saying it would seek to raise about THB10 billion in the third quarter.

It had also announced plans to raise another THB10 billion in perpetual bonds and THB5 billion via three-year warrants to ensure its ability to service obligations as the pandemic slows tourism and travel.

This week, it announced plans to raise $300 million via the issuance of debentures to refinance debt and meeting working capital needs.

 

Write to Ben Otto at ben.otto@wsj.com

 

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Financials
Sales 2021 67 845 M 2 056 M 2 056 M
Net income 2021 -13 234 M -401 M -401 M
Net Debt 2021 134 B 4 058 M 4 058 M
P/E ratio 2021 -12,0x
Yield 2021 -
Capitalization 159 B 4 809 M 4 819 M
EV / Sales 2021 4,32x
EV / Sales 2022 3,03x
Nbr of Employees -
Free-Float -
Chart MINOR INTERNATIONAL PUBLIC COMPANY LIMITED
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Technical analysis trends MINOR INTERNATIONAL PUBLIC COMPANY LIMITED
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 30,50 THB
Average target price 37,25 THB
Spread / Average Target 22,1%
EPS Revisions
Managers and Directors
Emmanuel Jude Dillipraj Rajakarier Director
Brian James Delaney Chief Financial Officer
William Ellwood Heinecke Chairman
Steve Delano Herndon Chief Information Officer
Tawicha Trakulyingyong Group Director-Information & Technology
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