The Board of Directors of BreadTalk Group Limited (the "Company") is pleased to announce that BreadTalk Pte Ltd, a wholly-owned subsidiary of the Company has signed a new master franchise agreement for Hong Kong and Macau with All Global Limited ("All Global").
This announcement shall supersede the previous announcement made on 29 June 2004 that Richmond Holdings Limited ("Richmond") - owned by the Company's master franchisee in Philippines, Wilson Chu's Group of Companies ("WC Group") - has been awarded the master franchise for Hong Kong and Macau. The appointment of a new franchisee is to allow the WC Group to focus on the growing Philippines market.
Please refer to the attached press release for details.
Save as disclosed, none of the directors or substantial shareholders of the Company has an interest, direct or indirect, in the aforesaid transaction.