PH CAPITAL, which owns the franchise rights for Pizza Hut restaurants in Thailand, yesterday said it plans to double the size of the business by 2020.

PH Capital Co, a 70 percent owned subsidiary of Thoresen Thai Agencies, began operating Pizza Hut restaurants in Thailand last Thursday after Yum Restaurants International (Thailand) Co fulfilled all requirements and conditions precedent of an asset sales and purchase agreement between PHC and Yum.