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CCH Holdings Ltd Announces Pricing Of $5M Initial Public Offering Of 1.25M Shares At A Price Of $4/Share

Benzinga·10/03/2025 15:09:18
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CCH Holdings Ltd (the "Company"), a Malaysia-based specialty hotpot restaurant chain, today announced the pricing of its initial public offering (the "Offering") of 1,250,000 ordinary shares at a public offering price of US$4.00 per ordinary share, for total gross proceeds of US$5,000,000, before deducting estimated underwriting discounts, non-accountable expense allowance, and estimated offering expenses payable by the Company. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 3, 2025, under the ticker symbol "CCHH".

The Company has granted to the underwriters an over-allotment option, which is exercisable within 45 days from the date of closing of this Offering, to purchase up to an additional 187,500 ordinary shares at the initial public offering price less the underwriting discounts and commissions.

The Offering is being conducted on a firm commitment basis. The Company plans to use the proceeds from the Offering for expansion of its restaurant network, strategic investments or acquisitions, brand building and marketing, diversification of its peripheral products of food ingredients and condiments and/or sales channels of such products, and general corporate purposes. The Offering is expected to close on or about October 6, 2025, subject to the satisfaction of customary closing conditions.

Cathay Securities, Inc. is acting as the representative of the underwriters to the Offering. Hogan Lovells is acting as U.S. counsel to the Company, and Lucosky Brookman LLP is acting as U.S. counsel to Cathay Securities, Inc., in connection with the Offering.