Texchem will continue to grow its Sushi King chain to 103 outlets this year from the existing 89.
THINLY-TRADED Texchem Resources Bhd
has seen much higher trading volume since last November after it announced the sale of a 28% stake of Sushi Kin Sdn Bhd to Japanese fast-food restaurant giant Yoshinoya Holdings Co Ltd for RM102.2mil.
Following the announcement, Texchem’s share price shot up by 27% from 82.5 sen to RM1.05.
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