OSAKA -- Japanese udon purveyor Toridoll will buy into an operator of a Malaysian noodle chain as part of a long-term strategy to widen its footprint overseas.
In a deal valued at roughly 800 million yen ($6.73 million), Toridoll will buy 40% of existing shares from the founder of Utara 5 Food and Beverage on Friday, making the company an equity-method affiliate. The Japanese company will gradually lift the stake to 60% through the fiscal year ending March 2019, transforming the Malaysian firm into a subsidiary.
