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Beijing 60-year-old Snack Shop will Go Public
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  • http://english.dbw.cn   2015-08-04 16:29:17
     

    Qing-feng, a renowned Beijing-based restaurant chain known for its steamed dumplings, has announced plans to go public next year.

    The company says it hopes to list on the New Third Board in either March or April.

    New Third Board is a pilot national share transfer system for small and medium-sized companies that allows individuals to buy equities over-the-counter before an IPO on either the Shanghai or Shenzhen stock exchanges.

    State-owned Qing-feng is part of the Beijing Huatian Food group.

    The company has to be converted to a share-holding company in order to go public, which could take at least three years.

    Meanwhile, Qing-feng has also announced plans to set up five new logistics bases in Heilongjiang, Henan, Jilin, Shaanxi and Shandong.

    The restaurant chain currently has over 300 outlets nationwide.

    It plans to increase that number to a thousand in the next 5-years.

     

     

    Author:    Source: CRI     Editor: Yang Fan

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