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Ajisen to go public

(China Daily)
Updated: 2007-03-13 17:07

Restaurant chain operator Ajisen (China) Holdings, which sells Japanese noodles on the mainland and in Hong Kong, plans to raise $172 million to $210 million in a Hong Kong initial public offering this month.

Ajisen, which kicked off a management road show yesterday in Singapore, is offering 300 million shares at between HK$4.47 and HK$5.47 each.

The chain, founded by Chief Executive Officer Poon Wai in 1995, operates 105 stores on the mainland and 17 in Hong Kong, with food manufacturing and processing centres in Shanghai, Shenzhen, Beijing, Wuhan, Shandong and Hong Kong.