TORIDOLL Holdings Corporation [3397.T]
TOKYO, May 07 (Pulse News Wire) – TORIDOLL Holdings Corporation (3397.T) announced today that its subsidiary The Real Greek Food Company Limited (TRG) completed an asset transfer agreement under administration proceedings initiated on April 30. TRG, a subsidiary of The Fulham Shore Limited, entered administration based on British insolvency laws to facilitate restructuring while minimizing impact on creditors and employees.
Under the agreement, TRG’s operations and related assets will be transferred to Karali Group, which operates primarily in the hospitality sector across the United Kingdom. The deal was negotiated pre-administration by TRG's management with multiple potential buyers, and finalized through the appointed administrator.
Looking ahead, the transfer process will proceed under the supervision of the administrator, leading to TRG being excluded from TORIDOLL's consolidated financial statements. The company stated that it is currently assessing the impact on its fiscal year ending March 2026 and will disclose any significant findings promptly.
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