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Overseas Plan Key to Thai Resort Chain Offer for Food Group.
Byline: Nondhanada Intarakomalyasut
Jun. 4--Royal Garden Resorts Plc's intention to buy more shares in Minor Food Group Plc will help create business synergy for its overseas expansion, according to RGR chairman Bill Heinecke.
"It's very expensive to go into one country with just a single business. It is much easier to have an economy of scale by bringing in additional resources," Mr Heinecke said.
The company is planning to introduce more food businesses in China. It will also open a Mandara Spa outlet in Shanghai in October.
RGR announced on Monday that it would make a tender offer for all outstanding shares of MFG at 70 baht per ...
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