Tsui Wah to End Hong Kong Airport Catering Concession in October

MT Newswires Live

09/10

Tsui Wah Holdings (HKG:1314) said its catering concession at Terminal 1 of Hong Kong International Airport will cease operations on Oct. 28 after the group failed to secure a renewal through tender, according to a Tuesday Hong Kong bourse filing.

Shares of the restaurant chain were down nearly 1% in Wednesday morning trade.

The concession contributed about 8% of group revenue in the year ended March 31, according to the filing.

Tsui Wah said the closure will not have a material impact on its overall operations or business performance.

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