Restaurants & Bars
Melco International Development Ltd:Recommend payment of final dividend of HK7.5 cents per share for year ended Dec. 31, 2014 (2013: HK20.8 cents per share) to shareholders whose names appear on register of members on June 22.Proposed dividend is expected to be paid on July 6.
Select Group Ltd:Says on Feb. 11 incorporated wholly-owned subsidiary, Universal Dining Sdn. Bhd. (UD), in Kuala Lumpur, Malaysia.Says total issued and paid-up capital of UD is 2.00 Ringgit.Main business activity of UD is to operate food courts, coffee shops and eating houses in Malaysia.Incorporation of UD was funded through internal resources.
Tsui Wah Holdings Ltd:Says reference is made to announcement of company dated Nov. 13, 2014 in relation to Lock Kwok On, Anthony’s resignation as chief executive officer of company.Ho Ting Chi, currently executive Director, has been appointed as chief executive officer of company with effect from May 1, 2015.
ICHIROKUDO CO LTD:Received administrative disposition from Yokohama health center, due to food poisoning in a Yokohama-based restaurant.Says the health center ordered the restaurant to suspend operation from March 25.
Sonic Corp:Expects its initiatives to drive 25 to 27 pct earnings per share growth, on an adjusted basis, in FY 2015 as compared to the adjusted non-GAAP earnings per share for FY 2014.Reported EPS of $0.84 in FY 2014.FY 2015 EPS of $1.07 - Thomson Reuters I/B/E/S.
Renjie Oldsichuan Catering Management Consult:To use undistributed profits to pay cash dividend of T$2.78128 per share to shareholders for fiscal year 2014.To pay cash dividend of T$49,162,000 in total.To use undistributed profits to distribute new shares worth T$0.50 per share as stock dividend.To distribute stock dividend of 883,800 shares in total.
Mr Onion Corp:To use undistributed profits to pay cash dividend of T$3.06420453 per share to shareholders for fiscal year 2014.To pay cash dividend of T$37,108,016 in total.To use undistributed profits to distribute new shares worth T$2.0 per share as stock dividend.To distribute stock dividend of 2,422,033 shares in total.
KICHIRI & Co Ltd:To establish a wholly owned subsidiary KICHIRI USA Inc. in New York in April, for expansion of Japanese style restaurant.
Sagami Chain Co Ltd:Says several customers of its restaurant had vomiting and diarrhea symptom on March 14 and March 15.Be investigated by Machida City Public Health Center and Norovirus was detected in customers and employees of the restaurant.The restaurant was ordered to stop operation.
Boston Pizza Royalties Income Fund announces accretive acquisition of additional 1.5 pct of franchise revenues from Boston Pizza International Inc
Boston Pizza Royalties Income Fund and Boston Pizza International Inc:Enters into an agreement for acquisition of an increase in fund's interest in franchise revenues of Boston Pizza restaurants in Canada by 1.5 pct.Says fund currently has a right to receive 4 pct of franchise revenues from Boston Pizza International Inc under a license and royalty agreement.Upon completion of acquisition, the Fund will receive 5.5 pct of franchise revenues from Boston Pizza restaurants.Says transaction results in about $11.7 million of additional franchise revenue participation on a pro forma basis.Says as consideration for increased Franchise revenue participation, Boston Pizza International Inc will receive about $156 million by way of cash payment of $139 million and securities exchangeable for 752,387 units of Fund, enabling it to maintain its 13 pct retained interest in fund.Says in order to fund cash portion of consideration, Fund has agreed to sell 5,047,613 subscription receipts for gross proceeds of $112 million and will borrow about $33.3 million under expanded credit facilities with its current lender.