YTL LLP has advised Tam Jai International Co. Limited (HKEX: 2217) on its successful privatisation by Japan’s Toridoll Holdings Corporation (TYO: 3397). This significant take-private transaction was structured as a scheme of arrangement under the Hong Kong Companies Ordinance (Cap. 622). 

Tam Jai International is a leading operator of the renowned “TamJai SamGor Mixian” fast-casual restaurant chain in Hong Kong, with expanding operations in Mainland China, Singapore and Japan.

This cross-border M&A deal required meticulous handling of the Hong Kong Takeovers Code, the HKEx Listing Rules, and multiple applications to the High Court of Hong Kong. The transaction was successfully completed in August 2025, with Tam Jai’s shares being delisted from the Hong Kong Stock Exchange on 19 August 2025 following court sanction and shareholder approval.

Our Corporate and Regulatory Partner, Alfred Leung led the Corporate team with the
support of Gloria Sung (Of Counsel), Tammy Ha (Associate), and Ken Leung (Trainee Solicitor); and our Dispute Resolution Partner, James Yeung led the Disputes team with the support of Peter Hon (Senior Associate) and Ariel Kong (Associate).

YTL LLP Corporate and Regulatory partner, Alfred Leung added: “This transaction reinforces YTL LLP’s capability in managing complex public company acquisitions, and demonstrates our expertise acting on highly regulated M&A transactions.”

Considering a cross-border transaction, or require expert guidance on the Takeovers Code or HKEX Listing Rules? YTL LLP offers the technical expertise and strategic insight you need to achieve a successful outcome.

To find out more about our experience and proven track records in advising clients
on Hong Kong and cross-border corporate finance, M&As, blockchain and data
matters, please contact us.