New Stock News | Hong Kong dining group Cafe Deco may consider going public in the future.

According to reports, the local catering group Cafe Deco Group in Hong Kong has entered a period of rapid growth and strategic development after the epidemic. Currently, it operates 42 branches in Hong Kong and 1 branch in Sydney, Australia. In addition, the group also operates a meat and seafood wholesale processing factory and a bakery workshop in Hong Kong. The director of the group, Zhou Weizheng, mentioned in a media interview that the group may seek listing at the right time in the future to provide funds for overseas expansion and merger plans. He pointed out that during the epidemic, the group took the opportunity to integrate the team and actively negotiate leases with landlords in landmark shopping malls such as Kai Tak AIRSIDE, The SOUTHSIDE and Wong Chuk Hang. After the epidemic, they have started to rapidly expand, opening over 20 new branches in the past two years. The report mentioned that he mentioned that there is still room for expansion of Hong Kong stores in the next 2 to 3 years, but due to the fact that the number of stores has reached a certain scale, they will not blindly pursue an increase in quantity next year, and may only add 5 to 6 new stores throughout the year. He also mentioned that the group currently owns over 20 catering brands in Hong Kong and will continue to pay attention to the merger opportunities of small catering companies.