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Tung Lok disposes of 40% stake in associate company for 21 cents

Felicia Tan
Felicia Tan • 2 min read
Tung Lok disposes of 40% stake in associate company for 21 cents
The 40% stake in Beijing Xihe Tung Lok Restaurant Company comprises an issued and paid-up capital of RMB400,000 ($84,317).
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Tung Lok Restaurants has disposed of its entire stake in its associate company, Beijing Xihe Tung Lok Restaurant Company, on Nov 2.

The disposal was conducted by Tung Lok’s wholly-owned subsidiary My Humble House in Beijing (Restaurant) Company.

My Humble House in Beijing (Restaurant) Company is 100% owned by Tung Lok (China) Holdings, another wholly-owned subsidiary of Tung Lok Restaurants.

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