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CCH Holdings Ltd Announces Pricing of Initial Public Offering
Globenewswireยท 2025-10-03 15:08
Core Points - CCH Holdings Ltd, a Malaysia-based specialty hotpot restaurant chain, has priced its initial public offering (IPO) at US$4.00 per share, aiming to raise total gross proceeds of US$5,000,000 [1] - The IPO will consist of 1,250,000 ordinary shares and is expected to commence trading on the Nasdaq Capital Market under the ticker symbol "CCHH" on October 3, 2025 [1] - The company has granted underwriters an over-allotment option to purchase an additional 187,500 shares within 45 days of the offering's closing [2] - Proceeds from the offering will be used for expanding the restaurant network, strategic investments, brand building, and general corporate purposes [3] - The offering is being conducted on a firm commitment basis and is expected to close around October 6, 2025, subject to customary closing conditions [3] Company Overview - CCH Holdings Ltd commenced operations in 2015 and is recognized as one of the leading specialty hotpot restaurant chains in Malaysia, focusing on chicken hotpot and fish head hotpot [7] - The company operates under two main brands: Chick Chicken Claypot House for chicken hotpot and Zi Wei Yuan for fish head hotpot, utilizing both company-owned and franchised outlets [7]