China Knowledge:

China’s two largest hot-pot restaurant chain operators are planning to go public as soon as next year to raise about HK$3 billion between them, extending their competition from the dining tables to equity markets.

Little Sheep, arguably the country’s most profitable hot-pot restaurant chain, aims to raise up to HK$2 billion in an initial public offering in Hong Kong while smaller rival Little Lamb is poised to raise up to RMB 1 billion in Shanghai, senior officials told the South China Morning Post.

Founded in Baotou and using a franchising business model, both Little Sheep and Little Lamb seek to boost their reserves as they fight for a bigger slice of the food and catering market on their home turf and overseas, such as in North America and Japan.

Originally posted by Mark on June 5, 2007 in Franchise Site.


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