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FINWIRES

Yoshinoya Unit Completes 70% Kizuki Acquisition, Treasury Share Placement

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Yoshinoya (TYO:9861) said its unit Yoshinoya US Holdings completed the acquisition of a 70% equity interest in the US-based ramen restaurant operator Kizuki International, according to a Tokyo bourse filing on Wednesday.

The Tokyo-listed company said it has privately placed 380,500 treasury shares with Bestasiangrocer.com, the seller, at $19.71 apiece.

The private placement of treasury shares had a payment period between July 27 and Sept. 24 and was settled through an in-kind contribution to the seller.

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