ChinasleadinghotpotchainrestauranttobelistedinHongKong-PeoplesDailyOnline

Text VersionRSS FeedsNewsletterHomeForumPhotosFeaturesNewsletterArchiveEmploymentAbout US HelpSiteMaplanguagesChineseJapaneseFrenchSpanishRussianArabicSEARCH About USFAQSite MapSite News SERVICES -Text Version -RSS Feeds -Newsletter -News Archive -Give us feedback -Voices of Readers -Online community -China Biz info Whats new – -HomeChinaChina BusinessChinas leading hot pot chain restaurant to be listed in Hong Kong+-16:40, June 10, 2008 Related News Feature: Hong Kongs top dragon boat race ever hotter with record turnout  Hong Kong stocks finish sharply lower at midday — June 3 Wedding dress and jewellery designs in Hong Kong (4) Wedding dress and jewellery designs in Hong Kong (3) Wedding dress and jewellery designs in Hong Kong (2) Comment Tell A Friend Print Format Save ArticleChinas 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 here said.The company is offering 245 million shares at a price of 2.68 Hong Kong dollars to 3.68 Hong Kong dollars per share. More than 462 million HK dollars (66 million U.S. dollars) are expected to be raised, according to the companys prospectus.The raised fund may hit 518 million HK dollars if the over-allotment option is in effect.Little Sheep, 20.25 percent owned by 3i Group Plc, Europes biggest publicly traded private-equity company, plans to add new restaurants, upgrade existing outlets and strengthen its brand.The company, based in Hohhot, the 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. Source: Xinhuafunction autoResiz(){try{document.all[“pic”].style.height=pic.document.body.scrollHeight}catch(e){}}  Your Message:  Most Commented:FlowerCNN president apologizes for Jack Caffertys remarks on ChinaChina slams UK for inviting Dalai to parliament hearing on human rightsCheer up, China! Cheer up, Wenchuan!Overseas netizens express sympathy and blessings to quake-hit Chinese|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|Copyright by Peoples Daily Online, All Rights Reserved

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