develop Japanese food business in China mainland with HK firm
31/10/2016 08:58
Oct 31 (Reuters) - Watami Co Ltd 7522.T :
* Says its Hong Kong-based unit, Watami International
Co.Ltd, plans to jointly develop Japanese food restaurant
business in China mainland with HMV Cultural F&B Group limited,
a unit of HNA Group International Co Ltd HNAIRZ.UL
* Says Watami International Co.Ltd to sell 60 percent stake
in its newly established Hong Kong-based unit Watami China Food
& Beverage Company Limited to Beautiful Oriental Group limited
for 29.1 million yuan
* Says Beautiful Oriental Group limited is wholly owned by
HMV Cultural F&B Group limited
* Says the selling effective on Nov. 30
Source text in Japanese:https://goo.gl/XbtrxB
Further company coverage: 7522.T HNAIRZ.UL
(Beijing Headline News)
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