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The snack chain track is still waiting for its second listed company.

On August 8, according to the self-media Yilan Business report, Mingminghenmang Group, formed by the leading mass-market snack brands Snackshenmang and Zhao Yiming Snacks, plans to IPO in Hong Kong and is currently setting up a relevant team. If everything goes well, it will submit a prospectus to the Hong Kong Stock Exchange in the second half of this year or early next year.

Image source: Tuchong Creative

On the same day, a person related to Mingminghenmang Group told Times Finance that the company will not be listed at present. "According to the plan, the company will not make any major moves in the second half of the year and will continue to focus on expanding stores." This is not the first time that the company has announced an IPO, but the company has never given a positive response.

On June 12 this year, Mingminghenmang officially announced the opening of 10,000 stores, becoming the first company in China's snack chain industry to open 10,000 stores. On July 16, Mingminghenmang and Zhao Yiming Snacks jointly announced that Jay Chou became its new spokesperson, further enhancing the brand's potential.

The "Top 100 Chinese Chain Stores in 2023" released by the China Chain Store Association in June showed that Mingming Henmang made the list for the first time and ranked 31st. In 2023, its total sales volume (including tax) reached 23.865 billion yuan, a year-on-year increase of 196.1%. The number of stores in 2023 was 7,000, a year-on-year increase of 159.3%.