TOKYO -- Yoshinoya Holdings will sell its entire stake in Malaysia's Sushi King chain, the Japanese restaurant operator said Wednesday, citing the impact of the Southeast Asian country's lockdowns on business.
Group company Asia Yoshinoya International will sell the 28% share in Sushi King to the majority owner of the chain, Sushi King Holdings. The transaction, worth about 2.7 billion yen ($23.5 million), closes in April.
