Little Garden (00999) has been listed for the first time, with the announcement indicating a per share price of 8.5 Hong Kong dollars, a total issuance of 0.1012 billion shares, with 800 shares per lot, and the net proceeds will be approximately 0.795 billion Hong Kong dollars. As of the publication time, it has risen by 5.88%, quoted at 9 Hong Kong dollars, with a transaction volume of 13.156 million Hong Kong dollars.
According to Zhitong Finance APP, Little Garden (00999) has been listed for the first time, with the announcement indicating a per share price of 8.5 Hong Kong dollars, a total issuance of 0.1012 billion shares, with 800 shares per lot, and the net proceeds will be approximately 0.795 billion Hong Kong dollars. As of the publication time, it has risen by 5.88%, quoted at 9 Hong Kong dollars, with a transaction volume of 13.156 million Hong Kong dollars.
Little Garden is one of the well-known direct chain Restaurants in China's mass-market Dining industry, ranking among the top in the industry in terms of operational scale and growth rate. Little Garden's dishes are mainly known for Huizhou cuisine, including farmhouse braised pork, clay pot chicken, and stinky mandarin fish. As of the last actual feasible date, the company has 623 operating direct stores, covering 135 cities or counties in 13 provinces in China. Currently, the company's main operational regions are in East China, and the company has also expanded its store network to Other regions in China.
According to Frost & Sullivan, in terms of store revenue for 2023, 'Little Garden' ranks first among all brands in the Chinese mass convenience dining market, with an average customer spend of 50 to 100 yuan, accounting for 0.2% of the market share. Based on revenue, the mass convenience dining market in China with an average customer spend of 50 to 100 yuan is valued at 2252.9 billion yuan in 2023, accounting for approximately 55.2% of the overall Chinese dining market.