Saint Marc Holdings Co (TYO:3395) will set up a new subsidiary, Kyoto Katsugyu, and plans to transfer several restaurant brands, including Gyukatsu Kyoto Katsugyu and Gottie's BEEF, into it through an absorption-type split involving G-Holdings, GOLIP, and OHANA, according to a Thursday filing on the Tokyo Stock Exchange.
The move, set to take effect on Oct. 1, aims to streamline operations and cut costs.
Price (JPY): $2469.00, Change: $+20, Percent Change: +0.82%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.