New Stock News: Parent company of the "Zhengxin Chicken Cutlet" brand, Zhengxin Food, is considering listing in Hong Kong, aiming to raise more than 2.3 billion Hong Kong dollars.

According to reports quoting insiders, mainland China's chain restaurant brand "Zhengxin Chicken Cutlet" parent company Shanghai Zhengxin Food Group is reportedly studying a Hong Kong IPO, with a possible fundraising of approximately $300 million (about 23.4 billion Hong Kong dollars). The report quoted insiders as saying that the company is preparing for an IPO with the assistance of institutions such as China Galaxy and CICC, with related discussions still ongoing, but the timing of the IPO is uncertain due to tighter regulation on overseas-listed Chinese companies by mainland regulatory authorities. Established in 2006, Zhengxin Food is known for its fried chicken cutlet, and also offers skewers, chicken nuggets, hamburgers, and fries. Zhengxin Food is a red-chip company, meaning the company is registered overseas but holds assets and business operations within China. The report stated that representatives from Zhengxin Food, China Galaxy, and CICC did not respond to requests for comments.