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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
REFIRE
02570.HK
Electrical Components & Equipment 145-165 20 3,333 2024/12/03 2024/12/05 2024/12/06
Dmall
02586.HK
Application Software 30.21 100 N/A 2024/12/03 2024/12/05 2024/12/06
Summary
We are a leading and renowned restaurant chain operator of the TamJai (譚仔雲南米線) and SamGor (譚仔三哥米線) branded fast casual restaurant chain in Hong Kong with operations also in Mainland China and Singapore, specialising in mixian (a type of rice noodle (米線), which is a well-established, gluten-free staple food with a long history in Asian food culture and typically made from non-glutinous rice without any additives). As at the Latest Practicable Date, we operated a total of 156 restaurants, comprising 76 TamJai restaurants and 74 SamGor restaurants covering all 18 districts across Hong Kong Island, Kowloon and New Territories, three TamJai restaurants in Shenzhen, Mainland China and three SamGor restaurants in Singapore. All of our restaurants are self-operated under two self-owned brands, TamJai and SamGor.

In order to manage our sizeable operations, we have established a highly standardised and scalable business model, which has proved to be resilient with a solid track record. We have also jointly developed different kinds of cooking equipment with third parties to further improve our operational excellence and efficiency. Our highly standardised business model can therefore be replicated in other new markets efficiently, systematically and successfully. During the Track Record Period, we had managed to sustain growth in terms of restaurant number and maintain our financial performance at a relatively stable level. From the beginning of the Track Record Period to the Latest Practicable Date, the number of our restaurants had grown by 45.8% from 107 to 156 restaurants. For the years ended 31 March 2019, 2020 and 2021, we recorded a revenue of HK$1,556.2 million, HK$1,691.2 million and HK$1,794.7 million, respectively, representing a CAGR of 7.4% over the Track Record Period. During the same years, our profit for the year amounted to HK$197.7 million, HK$190.9 million and HK$287.8 million, respectively, representing a CAGR of 20.7% over the Track Record Period.

Building on our success in Hong Kong, we plan to continue with the expansion of our restaurant network in our existing markets and also new international markets. With the proceeds from the Global Offering, we expect to expand our restaurant network in Hong Kong, Mainland China, Singapore and enter into the Japan and Australia markets in the future, which our management believes will help us capture potential business opportunities and strengthen our market position.

The Listing of our Company will constitute a spin-off from Toridoll Japan and a separate Listing of our Group’s business on the Main Board of the Stock Exchange.

During the Track Record Period, both TamJai brand and SamGor brand experienced growth in revenue, which was mainly attributable to the expansion of our restaurant network despite the social movements in Hong Kong in the second half of 2019 and the outbreak of COVID-19 in early 2020.

For the year ended 31 March 2020, our average daily revenue per restaurant for TamJai brand decreased, mainly driven by the decrease in customer traffic as a result of the social movements in certain districts in Hong Kong in the second half of 2019 and the outbreak of COVID-19 in early 2020, partially offset by additional revenue from the increase in menu price during the year; while our average daily revenue per restaurant for SamGor brand increased, mainly attributable to the additional revenue from the increase in menu price during the year, partially offset by the impact of social movements and the outbreak of COVID-19. As compared to TamJai brand, SamGor brand was less affected by the social movements and achieved better performance for the year ended 31 March 2020, primarily because our SamGor restaurants were located further away from the core areas of the social movements.

For the year ended 31 March 2021, the average spending per customer of TamJai brand decreased slightly, which was primarily due to (i) the offering of value snacks/drinks and mixian combo for takeaway orders and snacks giveaway to our customers during the year, which had led to the decrease in snacks and drinks ordered at regular price during the same year; partially offset by (ii) the increase in delivery orders which the menu price at online delivery platform was generally higher than that at our physical restaurants; during the same year, the average spending per customer of SamGor brand increased, which was primarily due to the increase in delivery orders and the launch of time limit premium mixian options. The delivery of SamGor brand increased more prominently than TamJai brand, which we believe was primarily due to the marketing support and popularity of the delivery platform used by SamGor during the year.

Source: Tam Jai Intl (02217) Prospectus (IPO Date : 2021/09/23)
Listing Market MAIN
Industry Restaurants
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Toridoll Holdings Corporation (74.26%)
Directors Lau Tat Man (Chairman and Chief Executive Officer and Executive Director)
Chan Ping, Rita (Chief Financial Officer and Executive Director)
Yeung Siu Cheong (Executive Director)
Sugiyama Takashi (Non-Executive Director)
Tomitani Takeshi (Non-Executive Director)
Someya Norifumi (Non-Executive Director)
Lee Kwok Ming (Independent Non-Executive Director)
Loo Kwok Wing (Independent Non-Executive Director)
Yeung Yiu Keung (Independent Non-Executive Director)
Company Secretary Sin Man Yan
Principal Bankers The HongKong and Shanghai Banking Corporation Limited
Hang Seng Bank Limited
Bank of China (Hong Kong) Limited
Standard Chartered Bank (Hong Kong) Ltd.
Solicitors
Auditors KPMG
Registered Office 8th Floor, D2 Place ONE, No. 9 Cheung Yee Street, Cheung Sha Wan, Kowloon, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.tamjai-intl.com
Email Address [email protected]
Tel No (852) 2753-3700
Fax No (852) 2770-1993
 
SITEMAP
Email: [email protected]
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