Guangzhou Yujian Xiaomian Catering Co., Ltd. successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 685 million through its IPO.

Target Information

Guangzhou Yujian Xiaomian Catering Co., Ltd. (hereinafter referred to as "Yujian Xiaomian" or "the Company", stock code: 2408.HK) has successfully listed on the Main Board of the Hong Kong Stock Exchange on December 5, 2025. This IPO was exclusively sponsored by CMB International, which acted as the overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager to facilitate the successful issuance of shares. The issuance comprised a total of 97,364,500 shares, priced at HKD 7.04 per share, raising approximately HKD 685 million (before the exercise of the over-allotment option).

The company was backed by six cornerstone investors, including HHLR Advisors, Hai Di Lao Holdings, Jun Yi Qi Bu Private Securities Investment Fund, Dream’ee (Hong Kong) Open-ended Fund Company, Hong Kong Shengying Investment Limited, and Zeta Wisdom OFC, with total subscriptions amounting to USD 22 million, accounting for about 24.95% of the basic offering size. Yujian Xiaomian is a prominent provider of Chinese noodle dishes, operating its flagship brand "Yujian Xiaomian" across mainland China and Hong Kong.

Industry Overview

The restaurant industry in China has been showing robust growth, characterized by increasing consumer demand for diverse dining options, particularly in the fast-casual dining sector. In recent years,