Future Bright to Open Edo Japanese Restaurant at City of Dreams Macau

Future Bright Holdings ( (HK:0703) ) has shared an announcement.

Future Bright Holdings’ subsidiary Chun Ieng has entered into an operating agreement to run a new Japanese restaurant, “Edo Japanese Restaurant,” at Unit F110A in City of Dreams, Macau, subject to countersignature by the property operator. The lease covers approximately 4,755 square feet for a five-year term from the trading start date, following a 150-day fit-out period.

Under the agreement, Chun Ieng will pay a monthly base fee of MOP200,000 or a turnover-based fee, whichever is higher, with turnover fee rates rising from 12% in the first two years to 14% in the fifth year. The deal, which will be booked as a right-of-use asset under HKFRS 16 and classified as a discloseable transaction under Hong Kong listing rules, underscores Future Bright’s continued expansion of its restaurant portfolio in Macau’s prime integrated resort locations, with added cost obligations including monthly management fees and utilities.

The most recent analyst rating on (HK:0703) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Future Bright Holdings stock, see the HK:0703 Stock Forecast page.

More about Future Bright Holdings

Future Bright Holdings Limited, incorporated in Bermuda and listed in Hong Kong, operates food and beverage businesses with a focus on restaurant operations in Macau. Through wholly owned subsidiaries such as Chun Ieng, the group runs themed dining outlets in prominent commercial and entertainment complexes, targeting both local consumers and visiting tourists.

Average Trading Volume: 223,299

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$89.57M

See more data about 0703 stock on TipRanks’ Stock Analysis page.