Yaohan restructures further

Article Abstract:

Japanese retailer Yaohan Group has announced plans to revamp its shareholding structure as part of a major reorganization plan. Yaohan, which consists of Yaohan International Holdings Ltd., Yaohan International Caterers Ltd. (YIC), Yaohan Food Processing and Trading Co., and Yaohan Hong Kong Corp., will sell the controlling share of Yaohan International for HK$160 million and 50% interest in Jai-Alai Shopping Center in Macau. It will also reduce its interest in YIC from 52% to 25%. Company officials stated that they would use the money to expand department stores and supermarkets in China and other Asian countries.

Department Stores, Supermarkets, BUILDING MATERIALS & GARDEN SUPPLIES, Stores in Shopping Centers, All Other Miscellaneous Store Retailers, Department Store Chains, Management, Retail industry, Retail trade, Retail stores, Corporate reorganizations, Shopping centers, Yaohan Group

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Yaohan sets restructuring

Article Abstract:

Japan's supermarket-chain operator Yaohan Japan Co. plans to sell-off some ot its securities holdings and branches and offices in a restructuring plan aimed at reducing its interest-bearing debt to 60 billion yen by March 31, 1999. The company has accumulated as much as 101.76 billion yen in interest bearing debt as of March 1996. The plan calls for the sale of parent company assets, reducing its value from 178.92 billion yen to 120 billion yen. The company has 58 retail branches in Japan and operates several in international locations.

Supermarket Chains, Japan

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Yaohan Japan sits on shelves

Article Abstract:

Yaohan Japan Corp., a supermarket operator, will continue to drive away investors due to its massive financial problems. A restructuring plan to control the steady decline of share prices will not ease Yaohan's woes because of several future equity-linked bond redemptions. As of Sep. 1996, the firm has outstanding debts at 107.1 billion yen, most of which had been used to fund new stores abroad. Its foreign operations, however, did not perform well.

Grocery Stores

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