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MasterBeef Group ( (MB) ) has shared an update.
On May 14, 2025, MasterBeef Group announced the partial exercise of its over-allotment option in its initial public offering, resulting in the issuance of an additional 155,000 ordinary shares at $4.00 each, generating gross proceeds of $620,000. The closing of this transaction took place on May 16, 2025. The company plans to use the net proceeds for expanding its restaurant network, marketing efforts, production of semi-finished food products, and investing in technology solutions, which will enhance its operational capabilities and market presence in Hong Kong and Southeast Asia.
More about MasterBeef Group
MasterBeef Group is a full-service restaurant group based in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. The company operates 12 restaurant outlets under the Master Beef and Anping Grill brands.
Average Trading Volume: 509,100
For a thorough assessment of MB stock, go to TipRanks’ Stock Analysis page.