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TOKYO Men's Adidas Tubular X White UK , Aug. 2 (Xinhua) -- An earthquake with a preliminary magnitude of 5.5 rocked Japan's Ibaraki prefecture at 2:02 a.m. local time, Japan Meteorological Agency said Wednesday.
The temblor occurred with the epicenter at a latitude of 36.8 degrees north and a longitude of 140.6 degrees east and at depth of 10 km.
The quake logged 4 in some parts of Ibaraki prefecture and Fukushima prefecture on the Japanese seismic intensity scale which peaks at 7 and could be felt in Tokyo.
So far no major damage or injuries were reported, and no tsunami warning has been issued.
China marks PLA's 90th anniversary with grand rally
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South Beauty chairwoman Zhang Lan denied media reports over the weekend that her high-end restaurant chain had been bought by the London-based private equity firm CVC Capital Partners.
The Anti-monopoly Bureau of the Ministry of Commerce (MOFCOM) said in a notice released Saturday that it had approved La Dolce Vida Fine Dining Group Holdings, owned by CVC Capital, to buy South Beauty Investment Company.
She is not selling Adidas Tubular Viral Pink White UK , said Zhang, who founded South Beauty in 2000.
It was CVC Capital that handed in an application to MOFCOM, Zhang was quoted as saying in a Saturday report by news portal sina.
South Beauty did not sign any contract and had never even talked about a deal, Zhang said.
"I definitely intend to make South Beauty into a world-level brand and a century-old restaurant," Zhang reportedly said. "That's a dream I have been chasing all my life."
The Ministry of Commerce agreed the CVC deal on November 14 Adidas Yeezy Boost 350 V2 Cream White UK , 2013, according to its website.
That does not mean the transaction was completed, said Zhao Jingqiao, secretary-general of the Research Center of Service Economy and Catering Industry at the the Chinese Academy of Social Sciences. The two parties could be just opening negotiations, he believed.
"Both parties must have shown some level of interest or CVC Capital wouldn't have submitted the application for approval Black Orange Adidas Yeezy Boost 350 V2 UK ," Zhao told the Global Times on Sunday.
"Now the ministry has cleared the deal, the two firms can now go and discuss the purchase price, time and other details."
The Chinese restaurant chain has been trying and failing to get listed on the Chinese mainland and Hong Kong since 2011.
According to a Reuters report, South Beauty senior executives started talking about a deal with CVC Capital Partners in October: a 69 percent stake in the restaurant chain worth $300 million. Zhang denied the report.
High-end restaurants have been hurting under the central government crackdown on public banqueting, depriving them of previously lucrative government business.
Luxury dining chains have posted weak financial results in the recent quarter. Beijing XE Flavor Group Company reported a 82.8 million yuan ($13.67 million) loss in the third fiscal quarter of 2013 Adidas Yeezy Boost 350 V2 UK Black Pink , down 343.9 percent from 2012, according to the firm's financial statement posted on the Shenzhen Stock Exchange website in October last year.
As China's dining industry struggles through a chilly domestic winter, restaurant chains have been seeking opportunities abroad.
Known for its stuffed steamed buns, the Goubuli chain announced Wednesday it expected to buy an American coffee chain. Meanwhile, the Meizhou Dongpo Group opened a Sichuan style restaurant in Beverly Hills Adidas Yeezy Boost 350 V2 UK Black White , Los Angeles in early December last year.
South Beauty operates one restaurant in Taipei, Taiwan. Rumors of opening more restaurants have pursued the company since early 2011, but the plan seems to have been shelved amid failed attempts to get listed.
It is challenging for Chinese restaurants to compete in the luxury dining sector oversea, Hong Tao, a trade and economics professor at Beijing Technology and Business University Women's Adidas Yeezy Boost 350 Pink White UK , told the Global Times on Sunday.
"In order to charge high prices, Chinese restaurants not only need to offer good food and service," Hong said, "but also have to introduce Chinese culture by furnishing the diner with an oriental style experience, offering Chinese performers to entertain customers.
"It's much easier to operate a low-end Chinese fast food restaurant in Western nations."
Chinese restaurants expand overseas
Jan 2014
Stuffed-bun maker Goubuli announces it will buy US coffee chain in first half of year.
Dec 2013
Beijing-based Sichuan chain Meizhou Dongpo sets up restaurant in Beverly Hills.
Nov 2013
Offering high-end Hunan and Hubei cuisine Adidas Yeezy Boost 350 Pirate Black UK , Beijing XE Flavor Group Company opens first overseas restaurant in Sydney, Australia.
Sep 2013
The Chengdu chain Hai Di Lao Hot Pot sets up its first overseas store in Los Angeles.
Regulation bans jihad videos at religious centers
A regulation prohibiting people from wearing or forcing others to wear clothes or logos associated with religious extremism was passed in the Xinjiang Uygur autonomous region on Friday.
The revised regional regulation on religious affairs is the first in the country to target religious extremism.
The measure was approved unanimously by the Standing Committee of the Xinjiang People's Congress, and is due to come into force on Jan 1 next year. It is intended to protect legal religious activities.
"An increasing number of problems involving religious affairs have emerged in Xinjiang," said Ma Mingcheng, deputy director of the Xinjiang People's Congress and director of its legislative affairs committee.
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