HONG KONG -- Japanese billionaire-owned restaurant operator Toridoll is taking Hong Kong-listed noodle chain Tam Jai International private after only three and a half years in the public market as local retail consumption slumps amid shifting spending patterns and a stagnant economy.
Food & Beverage
Japan noodle shop operator Toridoll to take Hong Kong unit private
Yunnan-style noodle purveyor Tam Jai hit by local consumers gravitating to Shenzhen
Tam Jai International's rice noodle shops in Hong Kong have faced a slump as diners opt to eat in nearby Shenzhen. (Photo by Kensaku Ihara)
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