Barunson:Says updated plan of divesting its stationery and toy manufacturing and sales business into a new wholly owned subsidiary, which was previously announced on Dec. 23, 2013.Says division effective date and registration date were respectively amended from Mar. 7 and Mar. 11, to Mar. 13 and Mar. 18.
YOSHINOYA HOLDINGS CO LTD:Says its subsidiary, YOSHINOYA CO LTD will establish two new subsidiaries, Subsidiary A and Subsidiary B, on Dec. 26.Says YOSHINOYA will transfer part of its business to Subsidiary A effective Mar. 1, 2014.Says two other subsidiaries of YOSHINOYA, Subsidiary C and Subsidiary D, will transfer part of their business to Subsidiary B effective Mar. 1, 2014.Says YOSHINOYA will merge with Subsidiary C and Subsidiary D effective Mar. 1, 2014.Says YOSHINOYA will become an asset management service company of Subsidiary A, Subsidiary B and three existing subsidiaries.
Barunson:Says to divest its stationery and toy manufacturing and sales business into a new wholly owned subsidiary, to improve operating efficency and adjust business structure.Says division effective date and registration date of Mar. 7, 2014 and Mar. 11, 2014, respectively.
Yum! Brands Inc announced it is reorganizing its business to drive greater brand and geographic focus. Effective January 1, 2014, Yum! Brands, Inc. will combine its Yum! Restaurants International (YRI) and the U.S. individual divisions for KFC, Pizza Hut and Taco Bell. Yum! Restaurants China and Yum! Restaurants India will remain separate divisions given their strategic importance and enormous growth potential. The KFC, Pizza Hut and Taco Bell divisions will define and drive the strategic positioning and operating models for the Brands, working closely with the China and India division teams. Commensurate with this new organizational structure and beginning in fiscal year 2014, Yum! Brands will be providing financial reporting by global division: KFC, Pizza Hut and Taco Bell, as well as for Yum! Restaurants China and Yum! Restaurants India.
Soup Restaurant Group Ltd announced that the Group is undertaking a group restructuring exercise to consolidate and expand its food processing business and start new lines of business in sourcing, supplying and distributing of raw materials and food products and procurement services. This is part of the Group’s strategic plans for vertical integration of the supply chain. In line with the group restructuring exercise, the following steps will be taken: A wholly-owned subsidiary, Samsui Holdings Pte Ltd (Samsui Holdings), has been incorporated in Singapore on November 12, 2013 with an initial issued and paid-up capital of SGD2 comprising two ordinary shares of SGD1 each. The principal activities of Samsui Holdings will be that of investment holdings; Following the incorporation of Samsui Holdings: Samsui Holdings has also incorporated a wholly-owned subsidiary known as Samsui Supplies & Services Pte Ltd (Samsui Supplies) on November 12, 2013 with an initial issued and paid-up capital of SGD2. The principal activities of Samsui Supplies will be sourcing, supplying and distributing of raw materials and food products and procurement services; and the Company will, thereafter, transfer its entire equity interest comprising of 100,000 ordinary shares in its wholly-owned subsidiary, Sure Food Pte Ltd, to Samsui Holdings. (collectively, the “Restructuring Exercise).
Autogrill SpA announced that together with WDF SpA, it has announced the first closing of the acquisition of HMSHost travel retail business activities in North America by WDFG SAU group, for which the authorization of transfer has been granted by landlords. The price agreed by the parties for the first closing is equal to USD 105 million, 87.8% of the total price of USD 120 million agreed for the transfer of 100% of the retail concessions to date managed by HMSHost. Any subsequent closings will be made once the necessary authorization has been granted by landlords.
Kozosushi Co Ltd announced that it has decided to make its store operation business a new wholly owned subsidiary, which will be engaged in take-away business, effective October 1, 2013.