Deacons advises on local multi-brand casual dining restaurant group Tai Hing’s Main Board IPO

30 May 2019

Deacons is advising Tai Hing Group Holdings Limited in relation to its Main Board IPO launched on 30 May 2019, seeking to raise up to HK$950 million (subject to the exercise of over-allotment option).

Tai Hing is multi-brand casual dining restaurant group originated in Hong Kong. It runs 191 restaurants (comprising 184 restaurants operated by the company and 7 restaurants operated by its franchisees) in its restaurant network, with 126 restaurants in Hong Kong, 63 restaurants in Mainland China and 1 restaurant in Macau. 

Frost & Sullivan ranks the group as the most revenue-earning, self-operated casual restaurant in Hong Kong and also the largest Taiwanese casual dining group in Hong Kong in terms of the number of restaurants, as well as the second in terms of revenue in the self-operated casual dining restaurant market in mainland China in 2017.

Tai Hing is set to become the largest Hong Kong-listed “cha chaan teng” group. 

Dealings in Tai Hing shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 13 June 2019.

Our team is led by Ronny Chow and Maynard Leung, Partners of our Corporate Finance Practice Group.   Both of them also advised Tsui Wah (1314), the first locally-listed cha chaan teng group, on its debut in 2012.