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On the first day of listing on the GEM, Huayang Dining has a strong momentum and will move to the Main Board next year.
Huayang Dining, a locally renowned dining operator, has attracted attention across the city. $KOPI (0338.MY)$ In its successful debut on the GEM, the stock price showed strong performance, with management confidently revealing plans to move to the Main Board next year.
Datuk Tan Chien Seng, the managing director, stated this morning in a press conference after the listing ceremony that in fact, Huayang Dining already meets the requirements of most Main Board listings.
The company does indeed meet most of the relevant conditions. If all goes well, we are looking to switch to the Main Board next year.
In addition, Executive Director Chen Yanmin also stated: "We are deeply pleased with today's bright stock performance, but as the company is still in the early stages of establishment, we will continue to humbly pursue growth in response to the market's strong support."
Huayang Dining was established in 2020 and is a rapidly rising Nanyang-style dining industry during the epidemic, with core businesses including coffee shop operations and the distribution and retail of related brand packaging products.
Chen Jiancheng emphasized that Huayang Dining is actively investing in product R&D (Research and Development) and hopes to launch 20 new products by the end of this year.
“Even if the new product cannot be launched by the end of this year, we will still launch it at the earliest in the first quarter of 2026.”
Today, the participants of the gong-striking ceremony include Raymond Chia, Independent Non-Executive Chairman of Hua Yang Dining and a member of the Perak Royal Family; Executive Directors Jeffrey Kok, Dato' Yim Sook Ki, Independent Non-Executive Directors Datin Yim Kok Ling, Puan Wong Pui Sin; Retail Operations Manager Koo Choo Lin; Business Development Manager Zhao...

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