MST Golf Group Berhad has announced its regional expansion into Thailand with the incorporation of MST Golf (Thailand) Company Limited.
According to the Company’s filing with Bursa Malaysia, MST Golf entered into a Shareholders Agreement on 23 October 2025 to establish the new subsidiary in Thailand. The transaction is classified as a related party transaction.
The newly formed company has a registered capital of THB100 million (approximately RM13.62 million), comprising 1,000,000 ordinary shares valued at THB100 each. An initial paid-up capital of THB25 million has already been injected, with the remaining THB75 million to be subscribed by shareholders in proportion to their respective holdings at a later stage.
Under Thailand’s Foreign Business Act a foreign-owned company seeking to operate retail businesses without a Foreign Business License must have a minimum paid-up capital of THB100 million. MST Thailand’s capital structure fulfills this regulatory requirement, paving the way for its retail operations to commence once all conditions are met.
