Xiao Fei Yang set to be China's first restaurant to list in HK
China's popular Xiao Fei Yang hot pot restaurant is hoping its Hong Kong listing plan will be a recipe for success as it moves to cash in on locals' huge appetite for the traditional winter dish.
The Inner Mongolia-based company - which specialises in lamb hot pot - said an initial public offering had been on the boil for the past six months.
'Hong Kong people's eating habits are similar to people in China,' a company spokesman said. 'Just like it has taken off explosively in the mainland, our hot pot should do likewise in Hong Kong.'
To whet the appetite of Hongkongers before enticing them to the stock, Xiao Fei Yang - which means Little Fat Lamb in Chinese - will later this month open the first of two planned restaurants in the city.
The company already has 669 franchises across the mainland - in Shanghai, Beijing, Shenzhen and Tianjin - as well as a Los Angeles outlet and one in Taiwan.
The details of the planned initial public offering have not been drawn up yet. The listing would be used to break into the international market and raise funds for expansion plans, the spokesman said.