LifeBrandz to acquire Yakiniku restaurant in Japan for S$200,000
Add BT as a preferred sourceLIFEBRANDZ said on Friday that it has entered into a non-binding Memorandum of Understanding with Koichiro Ara for the potential acquisition of the entire issued and paid-up capital of Beef by Koh for an indicative sum of S$200,000.
Beef by Koh is incorporated in Japan, where it runs one restaurant in Tokyo, serving beef cuisine such as Yakiniku (BBQ Beef), Korean cuisine and other creative cuisine.
Mr Ara, a Japanese citizen, is sole director and sole legal and beneficial owner of the company.
The deal is subject to the results of due diligence to be carried out by LifeBrandz.
LifeBrandz shares closed flat at S$0.003 on Friday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
