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12-02-2011, 08:19 AM

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Shares of Hop Hing gain on franchise acquisitions

From time to time we like to post news articles related to fast food franchises. Here is a news article about Shares of Hop Hing gain on franchise acquisitions

HONG KONG (MarketWatch) -- Shares of Hop Hing Group Holdings rallied in Hong Kong on Friday after the company said it had agreed to buy the holding company that owns the franchise rights to the Yoshinoya and Dairy Queen fast food chains in China. Hop Hing will acquire the company from Summerfield Properties, for HK$3.48 billion ($447.8 millon) by issuing convertible securities. Hop Hing's shares ...

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