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Article: CASH CONVERTERS BUYS TWO UK FRANCHISEES.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 9 Asia Pulse - Cash Converters International Ltd (ASX:CCV) has bought out two of its UK franchisees for STG600,000 ($A1.09 million (US$1.01 million)) as the pawn shop chain seeks to bring more stores under corporate control.
The franchised stores were in northern England, in Nottingham and Loughborough, and had assets of STG207,220, Perth-based Cash Converters said in a statement on Monday, after the share market closed.
After completion, the company's earnings before interest and tax will increase ...