Core Viewpoint - The passing of Chen Yong'an, the founder and controlling shareholder of Tai Hing Group, marks a significant change in leadership for the company, which has been a prominent player in the Hong Kong dining industry since its inception in 1989 [1][3]. Company Overview - Tai Hing Group Holdings Limited (06811.HK) announced the death of its founder and chairman, Chen Yong'an, at the age of 66 [1]. - The company has appointed Chen Jiakang, the son of Chen Yong'an, as the new chairman of the board, and Chen Shufang as the vice-chairman [5]. - Tai Hing Group operates 18 restaurant brands, including "Tai Hing," "Min Wah Ice Hall," and "Cha Mu," with over 210 locations [6]. Market Performance - The company has been reducing its number of stores in mainland China, with a decline from 63 stores in 2019 to a projected 31 stores by 2024, primarily affecting the main brand, Tai Hing [8]. - For the first half of 2025, Tai Hing Group reported a revenue of HKD 1.712 billion, a year-on-year increase of 6.2%, and a net profit attributable to shareholders of HKD 40.81 million, reflecting a substantial growth of 280.75% [8]. - As of the latest market data, Tai Hing Group's stock price is HKD 1.110 per share, with a market capitalization of HKD 1.08 billion [8].
知名品牌太兴集团突发公告，66岁创始人辞世，44岁儿子接任，官网已变黑白