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新股消息丨小菜园港股上市获备案

New stock news | Xiaocaiyuan's listing on Hong Kong stock market is approved.

Zhitong Finance ·  Aug 23 07:21

Xiaocaiyuan listed on the Hong Kong Stock Exchange has been filed.

According to the Securities and Futures Commission of China, on August 23, it issued the "Notice of Overseas Issuance and Listing Application for Xiaocaiyuan International Holding Ltd." The company plans to issue no more than 218,230,400 common shares and list on the Hong Kong Stock Exchange. It is reported that on July 16, Xiaocaiyuan International Holding Ltd. (hereinafter referred to as Xiaocaiyuan) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International and UBS Group as joint sponsors.

The prospectus shows that Xiaocaiyuan is one of the well-known direct-operated chain restaurants in the Chinese mass-market dining sector, ranking at the top in terms of business scale and growth rate. According to Frost & Sullivan data, the Chinese mass-market dining sector is a sub-segment of the Chinese dining market with an average customer spending below 100 RMB. As of the last feasible date, Xiaocaiyuan has 623 operating direct-owned stores, covering 135 cities or counties in 13 provinces in China.

According to data from Frost & Sullivan, in terms of store revenue in 2023, "Xiaocaiyuan" ranks first among all brands in the Chinese mass-market dining sector, with an average customer spending between 50 and 100 RMB, accounting for 0.2% of the market share. In terms of revenue, the scale of the Chinese mass-market dining sector with an average customer spending between 50 and 100 RMB in 2023 was 2252.9 billion RMB, accounting for approximately 55.2% of the overall Chinese dining market.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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