Texchem in expansion mode

Customers enjoying food at a Sushi King outlet in Gurney Plaza, Penang. Sushi Kin plans to open 14 Sushi King outlets this year.

GEORGE TOWN: Texchem Resources Bhd will spend RM65mil to expand its restaurant, polymer engineering, industrial trading and food business divisions.

The RM65mil will be derived from the proceeds of its 28% stake sale in Sushi Kin to Asia Yoshinoya International Sdn Bhd for RM102.2mil, which is a wholly owned subsidiary of Japanese fast-food restaurant giant Yoshinoya Holdings Co Ltd.