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Hong Kong steak hotpot operator sees share price almost double on debut
Company operates the popular Wagyu steak hotpot Mou Mou Club and Gyu-Kaku Japanese Barbecue brands in Hong Kong
Laura He
PUBLISHED : Wednesday, 30 May, 2018, 12:24pm
UPDATED : Wednesday, 30 May, 2018, 1:45pm
Shares in popular Asian hotpot operator LH Group almost doubled during trading on their Hong Kong debut after an initial public offering that was nearly a thousand times oversubscribed.
The stock price opened 80 per cent higher on Wednesday morning and briefly touched HK$2.12, up 93 per cent from the IPO price of HK$1.10. The shares were changing hands at HK$1.57 by 11.40am.
The company is the second-largest Japanese catering brands operator. It operates the popular Wagyu steak hotpot Mou Mou Club and Gyu-Kaku Japanese Barbecue brands in Hong Kong.
More details in http://www.scmp.com/business/companies/a...ost-double
LH Group today closed at HK$1.54.
Company operates the popular Wagyu steak hotpot Mou Mou Club and Gyu-Kaku Japanese Barbecue brands in Hong Kong
Laura He
PUBLISHED : Wednesday, 30 May, 2018, 12:24pm
UPDATED : Wednesday, 30 May, 2018, 1:45pm
Shares in popular Asian hotpot operator LH Group almost doubled during trading on their Hong Kong debut after an initial public offering that was nearly a thousand times oversubscribed.
The stock price opened 80 per cent higher on Wednesday morning and briefly touched HK$2.12, up 93 per cent from the IPO price of HK$1.10. The shares were changing hands at HK$1.57 by 11.40am.
The company is the second-largest Japanese catering brands operator. It operates the popular Wagyu steak hotpot Mou Mou Club and Gyu-Kaku Japanese Barbecue brands in Hong Kong.
More details in http://www.scmp.com/business/companies/a...ost-double
LH Group today closed at HK$1.54.
Specuvestor: Asset - Business - Structure.