FINWIRES · TerminalLIVE
FINWIRES

Yoshinoya's U.S. Unit Completes Acquisition of Ramen Chain Operator

By

Yoshinoya's (TYO:9861) subsidiary, Yoshinova US, has finalized its acquisition of a 70% equity interest in operator of ramen and izakaya restaurant chains Kizuki International.

Concurrently, the company disposed of 380,500 treasury shares via private placement to Bestasiangrocer.com at $19.71 per share, totalling approximately $7.5 million.

The share disposal was executed through an in-kind contribution, using the allottee's claim against Yoshinova US for the Kizuki purchase price, so no cash changed hands.

The financial impact on the fiscal year ending February 2027 is still under assessment, with further disclosures to follow if material.

Related Articles

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

Western Mining (SHA:601168) subsidiary Tibet Yulong Copper donated 10 million yuan for mudslide victims in Gyirong County in Tibet, according to a Wednesday filing with the Shanghai bourse.The donation will come from the subsidiary's own funds.Company shares fell 2% during the midday break on Wednesday.

SHA:601168
Asia

Gunkul Engineering Names CFO

Gunkul Engineering (SET:GUNKUL) has appointed Thitawat Asaves as the chief financial officer of the company with effect from Tuesday, according to a same-day filing to the Thai stock exchange.The renewable energy company's shares were down nearly 1% in Wednesday's trade.He takes over from acting CFO Naruechon Dhumrongpiyawut, who resigned from the position effective Aug. 31.

SET:GUNKUL
Asia

Viva Goods Ups Stake in Sportswear Giant Li Ning

Viva Goods (HKG:0933) has purchased 29.6 million shares of Chinese sportswear giant Li Ning (HKG:2331) for HK$398.4 million as an investment, according to a Tuesday bourse filing.The company said it bought the shares through open market transactions at an average price of HK$13.45 apiece.Following the transaction, Viva's stakeholding in Li Ning rose to 16.9%, with ownership of 437.2 million shares.

HKG:0933HKG:2331