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SFP Holdings Affirms Independence Amid Parent Company Relationship

Story Highlights
  • SFP Holdings focuses on Izakaya development, distinct from its parent company’s suburban restaurants.
  • The company ensures independence and protects minority shareholders in dealings with its parent.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SFP Holdings Affirms Independence Amid Parent Company Relationship

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SFP Holdings Co.Ltd. ( (JP:3198) ) has shared an update.

SFP Holdings Co., Ltd. announced its relationship with its parent company, create restaurants holdings inc., which holds 58.94% of its voting rights. The company maintains its independence with no significant debtor-creditor relationships and ensures that transactions with the parent company are conducted at market prices to protect minority shareholders’ interests. The company has also established a special committee of Outside Directors to oversee these transactions, reinforcing its commitment to maintaining independence and protecting shareholder interests.

More about SFP Holdings Co.Ltd.

SFP Holdings Co., Ltd. operates in the restaurant industry, focusing on the development of Izakaya, Japanese-style bars, primarily located along downtown streets. The company is part of a corporate group led by its parent company, create restaurants holdings inc., which specializes in developing restaurants and food courts in suburban commercial facilities. Despite being part of the same group, SFP Holdings maintains a distinct business line, preventing internal competition and ensuring managerial independence.

Average Trading Volume: 32,094

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen48.16B

For a thorough assessment of 3198 stock, go to TipRanks’ Stock Analysis page.

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