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| Exchange Received Time 12/07/2017 15:31:48 Exchange Disseminated Time 12/07/2017 15:31:54 Time Taken 00:00:06 | This is to inform that Speciality Restaurants Limited (the 'Company') has entered into a franchise agreement on July 11, 2017 with Resolute Restaurant Management LLC (the 'Franchisee' and such agreement, the 'Franchise Agreement'), granting right to the Franchisee to open three franchise restaurants under its brand 'Mainland China Asia Kitchen' in United Arab Emirates within the time stipulated in the Franchise Agreement.
First Franchise restaurant will be opened at BurJuman Mall, New Wing, in Dubai, United Arab Emirates. The Company will manage the day to day operations of restaurant and charge Franchise Fees and Management Fees, in accordance with the terms of the Franchise Agreement.
We will keep the stock exchanges updated about any further developments in this regard. |
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