Chinese time-honored brand name, China Quanjude (Group) Co Ltd, a well-known
chain of roast duck restaurants, will sell public shares
soon.
On October 29, it will begin preliminary price inquiry and
promotions for its initial public offering.
The chain business will issue no more than 36 million A shares
and its total stock issue will not exceed 141.56 million shares
after the A share listing.
Quanjude posted a net profit of 56.66 million yuan in 2006 and
earning per share is 0.54 yuan. Net profit for the first three
months of 2007 is 25.62 million yuan; earning per share rests at
0.24 yuan. The value of the Quanjude brand has amounted to 10.6
billion yuan.
After the mainland listing, Quanjude is estimated to top
domestic catering chain enterprises in terms of market value.
Quanjude is expected to lead a listing spree by domestic
catering enterprises.
Other domestic catering chain enterprises like Inner Mongolia
Little Sheep and Tanyoto are all preparing for stock listing.
Beijing-based South Beauty and Chongqing Little Swan catering
enterprises have also introduced venture capital and have plans for
overseas listing.
For more details, please read the full story in Chinese (http://www.cs.com.cn/ssgs/05/200710/t20071026_1234274.htm).
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(China.org.cn October 26, 2007)
