MINT Acquires Bonchon Brand for 1.65 Billion Baht
MINT's Singapore subsidiary has acquired South Korean fried chicken brand Bonchon for $50 million, gaining control of its intellectual property outside the Americas to boost royalty and franchise revenue.
MINT announced on August 11, 2025, that its Singapore-based subsidiary MFG International Holding Pte. Ltd. has acquired 100% of Bonchon International Inc., the company owning the Bonchon brand intellectual property for markets outside the Americas. The transaction is valued at 50 million US dollars (approximately 1.65 billion baht) and is expected to close in August 2025, with financing provided through bank loans.
Bonchon International Inc. has paid-up capital of 406.58 million won divided into 40,658 ordinary shares with a par value of 10,000 won each. Following the acquisition, Bonchon International Inc. will become a subsidiary of MINT.
MINT stated that the investment aims to acquire ownership of Bonchon's intellectual property outside the Americas, which will increase revenue from royalties and franchise fees. Bonchon, a South Korean fried chicken brand originating from Busan, currently operates nearly 500 outlets across 8-9 countries, with major markets in the United States, Philippines, and Thailand, as well as locations across Asia and Europe.
