Tan Tsai rice noodles will land in Hong Kong stocks parent company has applied for listing in the third quarter of last year

Financial News

Written by: Huang Jie

2021-04-15 23:36

Last update date: 2021-04-15 23:47

Tan Tsai rice noodles will be listed in Hong Kong stocks!

Tan Tsai International, the parent company of "Tan Tsai Yunnan Rice Noodles" and "Tan Tsai Sange Rice Noodles", has submitted listing applications to the Hong Kong Stock Exchange, and Guotai Junan is the sole sponsor.

The Tan Tsai and San Ge brands have more than 24 years of history. According to the preliminary prospectus, Tan Tsai International operates a total of 148 restaurants, including 72 Tan Tsai restaurants and 72 San Ge restaurants covering 18 districts in Hong Kong, Kowloon and New Territories. Shenzhen, Mainland China 1 Tan Tsai restaurant in Singapore and 3 Sange restaurants in Singapore.

For the nine months ended December last year, Tan Tsai International had revenue of 1.298 billion yuan and profit of 231 million yuan, a year-on-year increase of 32.6%.

During the period, each customer spent an average of 58 yuan per customer. "Tan Tsai Yunnan Rice Noodles" and "Tan Tsai Sange Rice Noodles" each had a fanfare, with revenues of 649 million and 648 million respectively; average daily revenues were respectively 36,900 yuan And 36,300 yuan; the total number of customers (using the number of rice noodle bowls sold to represent the number of customers served) were 11.111 million and 11.259 million respectively.

Talking about the success of the group, the prospectus describes that the rice noodles have passed a variety of ingredients, soup bases and level 10 spiciness. This has become a well-known measure of spiciness in Hong Kong’s food culture, providing a “mix and match” gourmet experience. .

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