HKG:0703

2 stories mentioning HKG:0703Updated just now

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Future Bright Forms JV to Expand Food, Beverage Business; Shares Fall 9%

Future Bright (HKG:0703) formed a joint venture with an independent third party to develop, operate and manage food and beverage businesses in Hong Kong, Macao and Guangdong, according to a Tuesday Hong Kong bourse filing.Future Bright Restaurant will hold a two-thirds stake in the JV, while the partner will own one-third.The partner is wholly owned by Japanese food-and-beverage entrepreneur Takuro Yanase, who operates four ramen restaurants in Tokyo, the filing said.Shares of the firm were down nearly 9% in recent trading.

HKG:0703

Asia98d ago

Future Bright's Profit Plunges 68% in Q1

Future Bright (HKG:0703) recorded a 68% decline in attributable profit in the first quarter to HK$2.9 million from HK$9.1 million a year prior, according to a Tuesday Hong Kong bourse filing.The restaurant operator's turnover slipped 3.4% to HK$115.2 million from HK$119.3 million, mainly due to a drop in turnover from Japanese and Chinese restaurants.

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