Noble House (China) plans GEM Board of HKEx listing

The Chinese restaurant chain in the PRC targeting customers with strong purchasing power places 98mn shares at HK$0.55-HK$0.85 per share.

Noble House (China) Holdings Limited (“Noble House” or the “Group”), a Chinese restaurant chain in the PRC, announced on Tuesday details of its proposed listing on the Growth Enterprise Market (GEM) Board of The Stock Exchange of Hong Kong Limited (“HKEx”).

The Group plans to place a total of 98,000,000 shares, comprising 70,000,000 new shares and 28,000,000 sale shares, representing 35% of the Group’s enlarged issued share capital.

With an indicative placing price range of HK$0.55 to HK$0.85 per share, the total issue size is between HK$53,900,000 and HK$83,300,000.

The placing share price and allotment result will be announced on 29 December 2011 (Thursday). Trading of the shares of Noble House will begin at 9:00am on 30 December 2011 (Friday) in board lots of 4,000 shares under the stock code of 8246 on the GEM Board of HKEx. Quam Capital Limited is the sponsor of the listing. Kingsway Financial Services Group Limited is the bookrunner and lead Manager of the placing, according to a Noble House (China) report.

Mr Chan Tai Neng, Chairman of Noble House, said, “The Group always operates with the underlying philosophy of ”Si-Gao”: elegance, high quality, high standard and high-end, meaning the provision of elegant environment, high quality food ingredients, high standard dishes, and high-end customised services to noble guests of discerning palates. Noble House has become widely recognized over the years. We have carefully executed our clear business strategy to expand the variety of service and product offering and our network expansion plan. We believe that the listing will boost our development and the returns for our shareholders.”