LOTUS HORIZON to form JV to operate cuisine restaurant X
23/05/2025 17:05
(Infocast News)    LOTUS HORIZON(06063) said that on 23 May 2025, Forever Wealth, an indirect wholly-owned subsidiary of the Company, entered into the Joint Venture Agreement with LCF under which the parties agreed to establish the Joint Venture Company to operate a North-eastern Chinese cuisine restaurant at The Venetian Macao under the “Dumpling Lake Chong Fa (松花湖水餃)” brand.

Pursuant to the terms of the Joint Venture Agreement, the capital contribution amount of the Joint Venture Company will be MOP100,000, among which Forever Wealth will contribute MOP49,000 and LCF will contribute MOP51,000. The Joint Venture Company will be owned as to 49% by Forever Wealth and as to 51% by LCF upon its establishment, and will not be a subsidiary of the Company and its financial results will not be consolidated into the financial statements of the Group .

(SY)

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