|
BIZCHINA> Center
![]() |
|
Related
Little Sheep to be listed in HK
(Xinhua)
Updated: 2008-06-10 16:45 China's leading Mongolian hot pot chain Little Sheep Ltd will make its debut on the Hong Kong stock exchange Thursday, after a successful initial public offering that was 71 times over-subscribed, company sources said. The company is offering 245 million shares at a price of HK$2.68 to HK$3.68 per share. More than HK$462 million ($66 million) are expected to be raised, according to the company's prospectus. The raised fund may hit HK$518 million if the over-allotment option is in effect. Little Sheep, 20.25 percent owned by 3i Group Plc, Europe's biggest publicly traded private-equity company, plans to add new restaurants, upgrade existing outlets and strengthen its brand. The company, based in Hohhot, capital of Inner Mongolia Autonomous Region, is running about 330 restaurants in China, the United States and Japan. It was founded in 1999. Its sales revenue grew 35.1 percent year on year to 949 million yuan in 2007, with net profit rising 14.6 percent to 91.2 million yuan. The company predicted that its 2008 profit would hit 125 million yuan. (For more biz stories, please visit Industries)
|
改则县| 永定县| 高阳县| 阿拉善右旗| 垦利县| 白山市| 庆城县| 博白县| 宜黄县| 阳原县| 桂东县| 扎兰屯市| 石泉县| 淅川县| 都安| 隆安县| 房产| 光山县| 平谷区| 无棣县| 乐都县| 杭州市| 唐海县| 中西区| 石城县| 普兰店市| 泰州市| 洪洞县| 家居| 中西区| 宜川县| 榆林市| 贡嘎县| 大足县| 镇平县| 五大连池市| 温州市| 图们市| 东乡| 西乡县| 南城县|