CCH Holdings shares open above IPO price in Nasdaq debut


Investing.com -- CCH Holdings Ltd (NASDAQ:CCHH), a Malaysia-based specialty hotpot restaurant chain, began trading on the Nasdaq Capital Market Friday at $5.32 per share, exceeding its initial public offering price of $4.00 per share.

The company priced its IPO of 1,250,000 ordinary shares at $4.00 per share, generating gross proceeds of $5 million before underwriting discounts and expenses.

CCH Holdings plans to use the proceeds for restaurant network expansion, strategic investments or acquisitions, brand building and marketing, diversification of food ingredient and condiment products, and general corporate purposes.

Founded in 2015 in George Town, Penang, Malaysia, the company operates specialty hotpot restaurants under two brands: Chick Chicken Claypot House for chicken hotpot and Zi Wei Yuan for fish head hotpot. The business model includes both company-owned and franchised restaurant outlets.

The company has granted underwriters a 45-day over-allotment option to purchase up to an additional 187,500 shares at the offering price less underwriting fees. Cathay Securities, Inc. is serving as the representative of the underwriters for the offering.






CCH Holdings LTD Rings the Closing Bell

CCH Holdings LTD (Nasdaq: CCHH), one of Malaysia’s leading specialty hotpot restaurant groups known for its signature brands – including the popular Chicken Claypot House and well-loved Zi Wei Yuan fish head hotpot, visits the Nasdaq MarketSite in Times Square, New York.

In honor of the occasion, Mr Johnny Goh, Chief Executive Officer & Founder, and Mr Steve Goh, Chief Operating Officer & Director, ring the Closing Bell.

https://www.nasdaq.com/events/cch-holdings-...gs-closing-bell

Lol

Con people one la..

Only branch doing ok is genting highland..
Kuchai also zaplap

Never hear before

Semua IPO but inside all banyak hal

my area keep opening like mushroom....

x pernah dengar

halal?
what their target market?

ok pump higher please so can short.

Nasdaq?
Obviously not halal?

topkek
everything mau ipo
review food also boleh ipo lol

Bos kasi cuci

Zhi Wei yuan used to be very popular in Prai for their teochew fish head hotpot. The. The owner sold off to Thai company. I am not sure if sold or starts this company la. Since then, quality of food has gone down. They sued to have kidney for their hotpot in Prai. One of the best that I eaten cos the odour after cooking is v v v minimal. The revised shop in Prai (sg dua, if not mistaken, near to the 9-god temple), stopped selling this. The last time I had dinner there was like 5 years ago and stoped going cos food is not as good anymore.
I think they have a branch of chicken hotpot in Sunway pyramid.

They do not even have international presence. How come it can pass Nasdaq requirements?

Same as the monspace or some MLM from Penang. They are listed in some DJI component, just like our LEAP market, I think. Their shares are not traded or low trading attraction.

Don't play play, if done right can fight Haidilao

Food media OTOH topkek, just see Assteruk

I quite like their food but didn't expect them to be able to IPO in Nasdaq.. seems sus

but their restaurant is not like busy everytime also

Baru 20+ outlet sudah IPO.

Ini macam secret recipe should IPO too

Hualawei

Murican so easy to cheat meh?

Is this 鸡煲之家?
I thought it is run by China-based group.