Japanese restaurant operator Zensho Holdings Co Ltd is buying over The Chicken Rice Shop.
So much is Malaysia’s very own homegrown halal food chain worth? A whopping RM220 million (US$52.86 million)!
Zensho broke the news last week, but Reuters was responsible for disclosing the purchase price yesterday (Thursday, 18th June). The insider who revealed the information declined to be identified.
The Japanese company said that its future plans include creating synergies with The Chicken Rice Shop’s approximate 100 locations and to open more restaurants. This latest deal has only increased Zensho’s presence in Southeast Asia, which includes Indonesia, Thailand and Vietnam, in addition to Malaysia.
Do you think we’ll see some Japanese dishes added to the menu in the near future?
Source: The Edge.