Home Hotpot Craze Drives Guoquan Foods to Pass Hong Kong Stock Exchange Listing Hearing
Shanghai Stock Exchange News: Guoquan Foods Passes Hearing at Hong Kong Stock Exchange (Reporter Tang Yifei) An enterprise that has made a name for itself by selling hotpot ingredients, Guoquan Foods (Shanghai) Co., Ltd. (hereinafter referred to as “Guoquan Foods”), is about to go public. On October 10, the Hong Kong Stock Exchange (HKEX) website showed that Guoquan Foods had recently passed its hearing and is set to be listed on the main board of the HKEX. Huatai International and CICC are acting as joint sponsors. On October 6, Guoquan Foods disclosed its post-hearing information pack. Established in 2015, Guoquan Foods is a one-stop brand for at-home dining products. According to Frost & Sullivan, Guoquan Foods ranked first among all domestic retailers in 2022 in terms of retail sales of at-home dining products, holding a 3.0% market share in China. In 2022, Guoquan Foods was the largest home hotpot and barbecue brand in China by retail sales. Guoquan Foods’ performance...