NEWS WRAP: Green Tea Group slumps on Hong Kong trading debut
The restaurant operator’s shares fell 5.6% in their first half-day of trade, as investors worried about weak consumer sentiment in China By Doug Young Shares of restaurant operator Green…
BRIEF: Xiaocaiyuan’s revenue rises on surging deliveries
Budget restaurant operator Xiaocaiyuan International Holdings Ltd. (0999.HK) announced on Wednesday its revenue reached 5.21 billion yuan ($717.4 million) last year, up 14.5% year-on-year. Its net profit for the year…
BRIEF: Tech stocks shine in Hang Seng Composite review, consumer and pharma lag
Hong Kong’s benchmark Hang Seng Index (HSI) remained unchanged at 83 constituents in the compiler’s latest adjustments, while the Hang Seng Composite Index’s (HSCI) constituents dropped from 517 to 505…
An ‘Old Hen’-turned-chic chick flocks to Hong Kong for IPO
Chicken restaurant operator LXJ International is banking on its long history and homey image as it ramps up a franchise model to boost its business Key Takeaways: LXJ International has…
BRIEF: Xiaocaiyuan opens up 5.9% in Hong Kong trading debut
Budget restaurant chain operator Xiaocaiyuan (0999.HK) opened up 5.9% in its trading debut on Friday in Hong Kong from its offer price of HK$8.50. Based on a lot size of…
Xiaocaiyuan sets the table for Hong Kong IPO. But is the timing right?
China’s largest “cheap eats” restaurant chain was cleared by the Hong Kong Stock Exchange to make its IPO after its third filing this year Key Takeaways: Xiaocaiyuan has passed the…
Xiaocaiyuan wants bigger slice of Chinese cuisine market
The ambitious restaurant chain with roots in Anhui province has filed for a Hong Kong IPO to fund its expansion plans, hoping to tempt investors with its strong revenue growth…
