Great Restaurant Development Holdings Ltd filed a Form F-1 registration statement for an initial public offering on 2024-12-06. It has amended it 3 times. It asked for the registration statement to be withdrawn on 2025-05-07. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have applied to list our Ordinary Shares on the Nasdaq Capital Market under the symbol “HPOT.” This Offering is contingent upon the listing of our Ordinary Shares on the Nasdaq Capital Market or another national securities exchange.From the F-1/A filed 2025-03-03
Shares offered
We are offering 1,400,000 Ordinary Shares on a firm commitment basis.From the F-1/A filed 2025-03-03
Use of proceeds
We currently intend to use the net proceeds from this Offering (i) to expand our restaurant network;From the F-1/A filed 2025-03-03
Revenue
According to the F&S Report, the sales revenue of hotpot restaurants in Hong Kong increased from HK$7.1 billion in 2019 to HK$7.4 billion in 2023, with a CAGR of 1.0% from 2019 to 2023 and sales revenue of HK$7.9 billion and HK$9.6 billion is estimated to be reached in 2024 and 2028 respectively.From the F-1/A filed 2025-03-03
Withdrawal
Pursuant to Rule 477 under the Securities Act, we hereby submit this letter to notify the Commission of the withdrawal of the Registration Statement because the Company does not intend to pursue the contemplated public offering of the securities covered by the Registration Statement at this time.From the RW filed 2025-05-07
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-12-06 | Registration statement filed (foreign issuer) | F-1 |
| 2025-01-13 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-02-12 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-03-03 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-05-07 | Request to withdraw a registration (Form F-1) | RW |
Tools for this story
Each opens in a new tab, filled in for Great Restaurant Development Holdings Ltd. With no account yet, you sign up free and land on the result.
Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.