Teriyaki Boy founder seeks P200 million from minority stake
Teriyaki Boy founder Brian Tiu continues to demand a retrieval of his proceeds from his stake at Pancake House-acquired Teriyaki Boy.
Tiu, who still owns 35 percent of the Japanese fast-food chain, had been left out of the Pancake House sale to the Max’s Restaurant Group.
The shares of the 38-year-old entrepreneur is still registered in Teriyaki Boy rather than in the listed Pancake House venture.
Tiu, who has been seeking to get his minority stake and was even quoted that he expects P200 million from it, aims to fund his own growing restaurant empire using the proceeds.