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