News Snapshot:
Hong Kong restaurant operator Tam Jai International, which owns the popular TamJai and SamGor chains, has launched a HK$1.4 billion (US$180 million) initial public offering as the city’s stock market staged a recovery. The company, which has 156 restaurants, mainly in Hong Kong, said it would use a major part of the money raised to expand its restaurant network in the city, mainland China, Singapore and new markets like Australia and Japan. “We want to promote the brands to overseas market,” said Daren Lau Tat-man, chairman and chief executive of Tam Jai. The company, which specialises in rice noodles, will...
