MBK Public Company LimitedMBK, via PRG, acquires a 20.03% stake in hospital operator VIH, marking its expansion into the medical business with expected synergies.
PRG Corporation Public Company Limited, part of MBK Public Company Limited, or MBK, has acquired a big lot of 125.66 million shares in Srivichai Vejvivat Public Company Limited, or VIH, representing 20.03%, from BBTV Equity Company Limited, the largest shareholder and a company of the Rattanarak family, owner of Channel 7HD, which has held VIH shares since 2014. Two days earlier, VIH shares jumped 10.71% to close at 9.30 baht amid reports of the big lot. VIH operates four hospitals: Vichaiyut International Hospital Om Noi, Vichaiyut International Hospital Nong Khaem, Vichaiyut International Hospital Samut Sakhon, and Vichaiyut Hospital Fai Chai, along with Srivichai Vocational School, and has consistently profitable operations, paying dividends every year, with the latest dividend yield at 4.24%. The acquisition marks MBK's advance into the medical and health business. MBK has six core businesses: rice production and distribution, contract manufacturing, food courts, property and real estate development, logistics, and energy. Synergies are expected, from opening comprehensive health centers or specialized clinics in the group's shopping malls such as MBK Center, Paradise Park, and The Nine Center, to expanding medical tourism with group hotels such as Pathumwan Princess Hotel, and linking customer databases and loyalty programs across the group's businesses.
MBK Public Company LimitedMBK, via PRG, acquires a 20.03% stake in hospital operator VIH, marking its expansion into the medical business with expected synergies.
Srivichaivejvivat Public Company LimitedVIH is the target of the 20.03% big-lot acquisition by MBK/PRG, bringing a new major shareholder.
PRG Corporation Public Company LimitedPRG Corporation, part of MBK, acquired the 125.66 million VIH shares (20.03%) in the big-lot deal.