John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg
John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg

China's Hony ready to make more overseas deals after Pizza Express buy

After purchasing the British restaurant chain, founder John Zhao wants to cater to consumers in the mainland's burgeoning casual dining market

John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg
John Zhao says deals such as Hony's Pizza Express acquisition gave the firm more financial flexibility by allowing it to pay lenders with bonds instead of cash. Photo: Bloomberg
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