New Yaohan Macau

#WhatNewYaohancanProvide

The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Online Casino Brunei (回力娛樂場) in 1992; at the time of its opening, the store was the first department store in Macau. As Kazuo Wada, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997, Panda Sociedade de Gestao de Investimentos Limitada, a subsidiary company of Sociedade de Turismo e Diversões de Macau as well as Shun Tak Holdings, purchased the ownership of the branch store of Yaohan.