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flag Chinese snack chain Busy Ming to raise $428M in Hong Kong IPO on Jan 28, tripling profits in 2025.

flag Chinese snack retailer Busy Ming is set to launch a Hong Kong IPO on January 28, raising up to $428 million by selling 14.1 million shares at HK$229.60 to HK$236.60. flag The company, which operates 19,517 stores in lower-tier cities under brands Busy for You and Super Ming, reported tripling profits to 1.56 billion yuan in the first nine months of 2025. flag Backed by cornerstone investors including Tencent and BlackRock, proceeds will fund supply chain upgrades, technology, store modernization, and potential acquisitions. flag The IPO reflects strong momentum in Hong Kong’s market, where 11 listings in January raised over $4.3 billion.

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