Zhitong Financial APP learned that Guotai Junan International was the sole sponsor of Tam Jai International Co. Limited, which was listed through the Hong Kong Stock Exchange, according to the disclosure by the HKEx on Sept. 13.
Company profile
Tam Tsai International Co., Ltd. is a leading and well-known restaurant chain operator of fast leisure restaurant chains under the brands of "Tam Tsai Yunnan Rice Noodle" and "Tam Tsai Sango Rice Noodle" in Hong Kong. It also has operations in mainland China and Singapore. It specializes in rice noodles (a kind of pasta made from rice, which is a well-known staple food with a long history in Asian food culture, usually without additives). As at the latest practicable date, a total of 156 restaurants were operated, including 76 Tam Tsai restaurants and 74 Sam GE restaurants covering 18 districts in Hong Kong, Kowloon and the New Territories, 3 Tam Tsai restaurants in Shenzhen, mainland China and 3 Sam GE restaurants in Singapore. All of the company's restaurants are self-operated under two own brands (Tan Tsai and third Brother).
In order to manage a large business, the company has established a highly standardized and scalable business model, which has proved to be flexible and successful. The company also works with third parties to develop different types of cooking equipment to further improve excellent business performance and efficiency. As a result, the company's highly standardized business model can be effectively, systematically and successfully replicated to other new markets. During the track record, the company successfully maintained the growth in the number of restaurants and maintained a relatively stable level of financial performance. From the beginning of the track record period to the last practicable date, the number of restaurants has increased from 107 to 156. Based on the company's success in Hong Kong, it is planned to continue to expand its restaurant network in the existing market and open up new international markets. The use of the proceeds raised by IPO is expected to expand the restaurant network in Hong Kong, mainland China and Singapore, and to enter the Japanese and Australian markets in the future, which management believes will help to seize potential business opportunities and consolidate its market position.
financial status
According to the prospectus, Tam Tsai International's income as of March 31, 2019, 2020 and 2021 was 1.556 billion yuan (in RMB), 1.691 billion yuan and 1.795 billion yuan respectively.
As of March 31, 2019, 2020 and 2021, Tam Tsai International's annual profits were 198 million yuan, 191 million yuan and 288 million yuan respectively.