BRIEF: Shanghai XNG raises $1 million in discounted share placement
Shanghai-based restaurant operator Shanghai XNG Holdings Ltd. (3666.HK) on Monday announced a placement of nearly 443 million shares for HK$0.02 per share, representing a 16.7% discount to its last closing…
Xiao Noodles serves up IPO plan to take its tangy taste global
The restaurant company wants to keep expanding its network of spicy Chongqing noodle shops, but price cuts may be eating into profits Key Takeaways: The noodle chain more than doubled…
DPC Dash serves up banner 2024 topped with milestones
The operator of Domino’s Pizza restaurants in China said its revenue rose 41% last year, as it announced plans to accelerate its new store openings in 2025 Key Takeaways: DPC…
BRIEF: Green Tea Group secures CSRC approval for Hong Kong IPO
Restaurant operator Green Tea Group Ltd. received an approval notice from the China Securities Regulatory Commission (CSRC) last Friday for its plan to list in Hong Kong — a necessary…
Can a stale Ajisen float back to the top of China’s noodle pot?
The once-dominant ramen house’s business has slumped on a mix of intensifying competition and lower consumer spending Key Takeaways: Ajisen said it lost up to 40 million yuan in 2024,…
BRIEF: Jiumaojiu profit plunges on intensifying competition
Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) said on Monday it expects to report its profit tumbled 89% in 2024 to 50 million yuan ($688.7 million) or more, from 454…
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…
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