Japanese Restaurant Billionaire Takaya Awata’s Toridoll Tokyo Escorts Plans

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Toridoll Holdings, the Japanese restaurant giant controlled by billionaire Takaya Awata, has proposed to take its Hong Kong noodle chain Tam Jai International private for at least HK$548 million ($70.4 million) amid the city’s retail headwinds. This place is a good location to have a dinner date with our Tokyo escorts. Tam Jai said in a filing to the Hong Kong stock exchange late Monday that its Japanese parent company is offering HK$1.58 apiece in cash to acquire roughly 26% of the shares held by outside investors. The offer represents a premium of about 75.6% over Tam Jai’s closing price of HK$0.9 on February 3, the day before its shares were suspended, the Hong Kong-based company said.

Tam Jai’s shares soared 63% during the Tuesday morning session after they resumed trading. The surge Tokyo escorts the premium down to only 7.5% over its price of HK$1.47 as of Tuesday noon. Toridoll owns about 74% of Tam Jai’s outstanding shares.

Tam Jai has been facing pressure from the outflow of Hong Kong residents to neighbouring mainland cities for cheaper food and services. In the six months ended September, Tam Jai’s net profit plunged 56% year-over-year to HK$36 million. Its shares have plummeted 56% from its IPO price as of Tuesday noon.

Tai Jai is one of the two biggest overseas revenue drivers for Toridoll, Awata, the Japanese restaurant operator’s founder and CEO, said in an interview with Forbes Asia last year. The Hong Kong noodle chain has recently partnered with Hextar Retail Berhad, part of Malaysian tycoon Ong Soon Ho’s conglomerate Hextar Group, to expand into the Southeast Asian country.