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LH Group (1978.HK)
30-05-2018, 06:04 PM. (This post was last modified: 30-05-2018, 06:09 PM by cyclone.)
Post: #1
LH Group (1978.HK)
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.
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Specuvestor: Asset - Business - Structure.

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