Core Viewpoint - The Chinese noodle chain brand "Yujian Xiaomian" (02408.HK) is set to launch its IPO in Hong Kong from November 27 to December 2, 2025, with plans to list on December 5, 2025, under the exclusive sponsorship of CMB International [2][4]. Group 1: IPO Details - The company plans to issue 97.3645 million H-shares, representing 13.70% of the total shares post-IPO, with 90% allocated for international offering and 10% for public offering [4][5]. - The expected share price range is between HKD 5.64 and HKD 7.04, aiming to raise approximately HKD 6.85 billion [4][5]. - The total estimated expenses for the IPO are around HKD 65.7 million, including underwriting commissions and other fees [5]. Group 2: Use of Proceeds - Approximately 60% of the net proceeds will be used to expand the restaurant network and increase market penetration [6]. - About 10% will be allocated to upgrading technology and digital systems across the restaurant network [6]. - Another 10% is earmarked for brand building and enhancing customer loyalty, with the remaining 10% for strategic investments in upstream food processing companies and general corporate purposes [6]. Group 3: Shareholder Structure - Post-listing, the controlling shareholders will include Song Qi and Su Xuxiang, holding a combined 45.98% of the shares [7][8]. - Other notable shareholders include Baifu Holdings, Jiumaojiu, Country Garden, and various private investors [7][8]. Group 4: Company Overview - Founded in 2014, Yujian Xiaomian specializes in modern Chinese noodle dishes, primarily focusing on Chongqing-style noodles, and has expanded its menu to include various spicy and non-spicy dishes [8][9]. - The company operates 451 restaurants across 22 cities in mainland China and 14 in Hong Kong, with 115 additional restaurants in the pipeline [8][9]. - According to Frost & Sullivan, Yujian Xiaomian is the largest operator of Sichuan-style noodle restaurants in China and ranks fourth among all Chinese noodle chains by total transaction value [9].
遇见小面(02408)招股，高瓴、君宜、海底捞等参与基石投资，12月5日香港上市