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Welife Technology Limited ( (HK:1703) ) just unveiled an announcement.
Welife Technology Limited has announced a strategic expansion with the acquisition of a new property in Kwun Tong for a traditional Chinese restaurant, set to open on August 17, 2025. This move, supported by favorable lease terms and existing facilities, aims to capitalize on the high pedestrian flow in the area, enhancing the company’s presence in the Central Business District and catering to office workers and residents. The company plans to expand its restaurant portfolio from four to five or six by 2025, leveraging opportunities in the market for low-cost restaurant transfers while focusing on rental costs, customer base, and cash flow.
More about Welife Technology Limited
Welife Technology Limited operates in the catering industry, focusing on traditional Chinese restaurants and Cha Chaan Teng in Hong Kong. The company is expanding its market presence by acquiring and operating restaurant properties in strategic locations.
Technical Sentiment Signal: Sell
Current Market Cap: HK$55.2M
For an in-depth examination of 1703 stock, go to TipRanks’ Overview page.