Japan noodle shop operator Toridoll to take Hong Kong unit private

Japan noodle shop operator Toridoll to take Hong Kong unit private

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. Toridoll indirectly owned around 74% of Tam Jai shares, including unexercised stock options,…

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Hong Kong mogul Jimmy Lai argues he is a 'political prisoner' in court

Hong Kong mogul Jimmy Lai argues he is a ‘political prisoner’ in court

HONG KONG — A heated exchange erupted Tuesday in the marathon national security trial of Hong Kong media tycoon Jimmy Lai Chee-ying over whether he is a “political prisoner.” Lai described himself this way as the prosecution sifted through internal WhatsApp exchanges among executives of Apple Daily, the now-defunct pro-democracy news outlet he founded. As the 77-year-old…

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