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Happy City Holdings Ltd (HCHL)


Company Overview

Proposed Symbol HCHL
Company Name Happy City Holdings Ltd
Exchange NASDAQ Capital
Share Price $5.00
Employees 104 (as of 08/31/2024)
Status Priced
Shares Offered 1,100,000
Offer amount $5,500,000
Shares Over Alloted
Company Address UNIT B, 6/F, BLOCK B GOLDEN DRAGON INDUSTRIAL BUILDING KWAI CHUNG, HONG KONG 00000
Company Phone 852 9097 6798
Company Website www.gyugyushabushabu.com
CEO Suk Yee Kwan
State of Inc
Fiscal Year End 12-31
Total Offering Expense $1,394,535.00
Shareholder Shares Offered
Shares Outstanding 7,100,000
Lockup Period (days) 180
Lockup Expiration 2025-12-22 00:00:00
Quiet Period Expiration 2025-08-04 00:00:00
CIK 0002046656
DealId 1328776-113339

Company Description

Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”. As of the date of this prospectus, we operate three restaurants located in Tsuen Wan District in the New Territories, Mong Kok District in Kowloon, and Kwun Tong District in Kowloon. For the years ended August 31, 2024 and 2023, our revenue is generated from providing food and beverage to customers in our restaurants located in North Point, Mong Kok and Tsuen Wan. Our revenue increased by US$1,540,734 or 22.8%, from US$6,754,350 for the year ended August 31, 2023 to US$8,295,084 for the year ended August 31, 2024. Such increase was mainly attributable to the increase in customer demand as a result of the lifting of pandemic measures, in particular, the dine-in restrictions in catering business premises and other social distancing measures imposed by the Hong Kong government, which brought our restaurants back to normal business operation for the year ended August 31, 2024 and the upward adjustment in our selling price of our food in August 2023. --- We have two principal executive offices, one in Hong Kong and one in Singapore. Currently, our Hong Kong principal executive office is located at Flat B, 6/F, Block 2, Golden Dragon Industrial Centre, 162-170 Tai Lin Pai Road, Kwai Chung, Hong Kong. Our Singapore principal executive officer is located at 30 Cecil Street, #19-08, Prudential Tower, Singapore 049712. Telephone number: +65 97151351. Our registered office in the BVI is at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. We and our Operating Subsidiaries maintain a website at https://gyugyushabushabu.com. Our agent for service of process in the United States is Cogency Global Inc. located at 22 East 42nd Street, 18th Floor, New York, NY 10168. Telephone number: +1 (212) 947-7200.