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Kotipizza's Marketing Co-operative changes into Franchisee Co-operative

Monday, 30 May 2016 02:00am EDT

Kotipizza Group Oyj : Kotipizza's Marketing Co-operative changes into Franchisee Co-operative . Change is going to have financial effect on Kotipizza Group . Funds collected for Kotipizza's countrywide marketing, 4 percent of sales of Kotipizza chain, are going to be invoiced to the Kotipizza segment starting July 1, 2016 . This will grow segment's, and thus group's turnover without affecting profit, but will have an effect on relative profitability .In 2015, Marketing Co-operative had a turnover of about 3.2 million euros ($3.6 million).

P99 Holdings enters into LOI with Chip Eng Seng Corp Ltd

Tuesday, 24 May 2016 08:07am EDT

P99 Holdings Ltd : Entered into a letter of intent with chip eng seng corporation ltd . Entered into a letter of intent with chan tuck cheong and yang yongbo . Loi in respect of proposed issuance by the company of 505 million new ordinary shares to the subscriber . Aggregate subscription consideration for the proposed subscription is s$49.7 million . Loi with chan tuck regarding acquisition of capital of Fujian hubang building materials technology and quanzhou yongbang investment and management . Says "intends to expand its current business to include the proposed acquisition and the property business" . Says plans to restrict the property business to certain geographical markets which include Vietnam, myanmar, and the prc .

ROYAL HOLDINGS announces merger between units

Tuesday, 26 Apr 2016 02:00am EDT

ROYAL HOLDINGS Co Ltd:Says its wholly owned Osaka-based subsidiary engaged in preparation of in-flight meal for Kansai International Airport to merge with its wholly owned Fukuoka-based subsidiary engaged in preparation of in-flight meal for Fukuoka Airport and Naha Air Station, effective on July 1.Says the Fukuoka-based subsidiary to be dissolved after the transaction.

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