WITH reference to the article entitled Texchem stake sale unveils value published in StarBizWeek on Jan 24, 2015, the sale of 28% in Sushi Kin Sdn Bhd to Yoshinoya Holdings Co Ltd values Sushi Kin at RM365mil.
Texchem holds 70.35% in Sushi Kin after the disposal, implying that Texchem’s stake is worth RM256.78mil. A Japanese private equity fund owns the other 1.65% in Sushi Kin.
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