CCH Holdings, a Malaysia-based chain of specialty hotpot restaurants, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6. At pricing, the company commands a market cap of $77 million.
CCH Holdings is a specialty hotpot restaurant chain, specializing in chicken hotpot under the Chicken Claypot House brand and fish head hotpot under the Zi Wei Yuan brand. The company currently operates or franchises a total of 32 restaurant outlets, including 20 Chicken Claypot House restaurant outlets, four Zi Wei Yuan restaurant ouatlets, three Chicken Claypot House-Zi Wei Yuan cross-over restaurant outlets, a food court, three restaurant outlets focusing on Teochew-style chicken hotpot under the brand Bibixian, and a restaurant outlet offering Sichuan cuisine under the brand Banbudian Bistro. The company's restaurants are primarily located in Malaysia, with three located in Thailand, Indonesia, and China.
CCH Holdings plans to list on the Nasdaq under the symbol CCHH. Cathay Securities acted as sole bookrunner on the deal.
