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Yuen Kee Clears HKEX Hearing, Targets HK$300M–HK$400M IPO

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Story summary
  • Yuen Kee Food Group cleared its HKEX listing hearing and targets raising HK$300 million to HK$400 million.
  • The IPO is expected to launch in October, according to unnamed sources.
  • Yuen Kee completed three funding rounds before the IPO, adding investor BA Capital.
  • Yuen Kee operated 4,773 outlets worldwide as of late May, covering over 250 Chinese cities.
  • Huatai International and GF Securities act as joint sponsors for the offering.