Yuen Kee Food set to launch IPO in October, targeting HK$300m to HK$400m fundraise

Yuen Kee Food Group has completed its listing hearing before the Hong Kong Exchanges and Clearing, moving closer to becoming a public company. Sources indicate the firm is targeting a fundraising range of HK$300 million to HK$400 million. The proposed offering was scheduled to commence in October, though officials noted that the timing and final amount raised remain subject to valuation and investor demand. The company has already secured funding through three previous rounds with backers including BA Capital, Huatai International, and GF Securities. As of late May, Yuen Kee Food operated a global network consisting of 4,773 franchise outlets across more than 250 cities in mainland China.