Japanese Restaurant Group Shangjing submitted its listing application on the Hong Kong stock exchange

According to the documents of the Hong Kong stock exchange, on April 13, the Japanese Restaurant Group Shangjing submitted a listing application to the Hong Kong stock exchange, and the sole sponsor was Guosen Securities Co.Ltd(002736) (Hong Kong). According to the document, Shangjing is the largest Japanese Restaurant Group in China. It operates only in China. It has opened 47 chain restaurants in 18 cities in China, including 35 self operated Shangjing restaurants, 11 franchised Shangjing restaurants and one liangliangheniu restaurant. By 2022, 2023 and 2024, it plans to open 6, 8 and 9 self operated wells respectively.