Yuen Kee Food enters final stage of Hong Kong IPO after HKEX approval, sources say

Yuen Kee Food Group, the operator of the well-known Yuen Kee Dumpling restaurant brand, has received approval from the Hong Kong Exchanges and Clearing (HKEX) to proceed with its initial public offering (IPO). The company aims to raise between HK$300 million and HK$400 million, according to sources familiar with the matter. This comes after the company completed three funding rounds, which included a significant investment from China-focused investment firm BA Capital.

Joint sponsors for the IPO are Huatai International and GF Securities. Yuen Kee operates 4,773 outlets worldwide, primarily franchised stores across more than 250 mainland Chinese cities. The company expanded into Hong Kong in 2018 and has since opened over 40 stores in the city. Yuen Kee also plans to expand into overseas markets, including Singapore, Britain, and Thailand.

The company's business model relies on a franchising approach, with a focus on hand-wrapped and freshly cooked dumplings, wontons, and related products. In 2025, Yuen Kee generated operating revenue of 2.7 billion yuan (US$402.3 million), and in the first five months of 2026, the company reported adjusted net profit of 185 million yuan (US$27.6 million), marking a substantial year-on-year increase.