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Business

Japan's Toridoll to buy Hong Kong noodle chain

Marugame udon shop operator eager to sell more bowls in mainland China

There are about 50 shops under the Tam Chai Yunnan Noodles brand in Hong Kong.

TOKYO -- Toridoll Holdings, operator of Japanese udon restaurant chain Marugame Seimen, plans to buy an entire stake of a Hong Kong-based noodle chain. It will likely pay some 15 billion yen ($132 million) for the deal, which will be the largest purchase ever for the Japanese company. 

Such a large-scale takeover is rare in the restaurant industry, in which operators typically seek to expand overseas with their own brands.

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