<IPO>CN Snack Giant Busy Ming Files for HK Listing
China&#39;s food and beverage retailer Busy Ming filed for an H-share listing yesterday (28th)....
China's food and beverage retailer Busy Ming filed for an H-share listing yesterday (28th). Its joint sponsors are Goldman Sachs and Huatai International.
The group owns two brands, namely "Busy for You" (零食很忙) and "Super Ming" (趙一鳴零食). They were founded in 2017 and 2019 respectively.
In 2024, the group’s revenue surged by 2.82 times YoY to RMB39.344 billion, while its net profit amounted to RMB829 million, up 2.81 times. On a non-IFRS basis, its adjusted net profit soared by 2.89 times to RMB913 million last year.
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