Tsangs Group is pleased to announce that we have completed the placement transaction in JIA Group Holdings Limited (“JIA Group”, HK stock code: 8519) on 18 June, 2021.
JIA Group is a Hong Kong-based food and beverage operator that has earned a reputation internationally as an award-winning trendsetter in the hospitality industry. With a management philosophy based on originality, culinary authenticity, simplicity, quality service, and passion, the company created a number of Michelin starred restaurants that led the fine dining trend in Hong Kong, one of the most competitive food and beverage markets in the world.
The company aims to expand its businesses in specialty coffee, developing casual dining restaurants, investing in the PRC, and overseas food tech investment opportunities. Tsangs Group as a strategic investor sees a great synergy exploring the world changing food tech sector together.
Ms Wong Pui Yain, Chairperson of JIA Group, said, “Our group is a leading F&B operator with strong brand value and growth potential in the Greater Bay Area. Our specialty coffee business and new catering tech business will help our Group capture growth opportunity. In addition, we are very pleased to have Tsangs Group as one of our strategic investors of the Group. Tsangs Group’s many years of experience will help our group broaden capital base and capture growth opportunities to achieve optimal shareholder value.”
“We are excited to partner with a good friend, Ms Wong. I am a big fan of JIA Group, which has great restaurants with distinctive concepts and won numerous awards. As a foodie myself, I have a strong belief and passion for the food tech sector. I am looking forward to bring value and explore together by bringing synergy with our global network and experience,” commented Patrick Tsang, Chairman of Tsangs Group.
Original Asset Management Limited acted as the investment advisor at Tsangs Group for this transaction.
About JIA Group
JIA Group is a well-established restaurant group in Hong Kong. From Michelin starred dining rooms to cool and calm spaces where no reservations are needed, restaurants and bars under the Group have their own characteristics, spanning both Eastern and Western fare, with commonality being their authenticity.
Today, JIA Group has more than 10 restaurants and bars in Hong Kong, including Duddell’s Hong Kong, Louise, Andō, MONO, Between, Bibi & Baba, 22 Ships, 208 Duecento Otto, Potato Head Hong Kong, Chachawan, serving a variety of cuisines including Chinese, Thai and French dishes under different brands and themes, offering an international portfolio of authentic dining experience.
For more information, please visit JIA Group’s website at https://www.jiagroup.co