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08412 NEW AMANTE

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  • 0.500
  • 0.0000.00%
Market Closed Mar 28 16:08 CST
50.94MMarket Cap6.41P/E (TTM)

About NEW AMANTE Company

We are a Hong Kong-based dining and entertainment group that owns and operates two evening entertainment clubs, Volar and Fly, and three restaurants that mainly promote Japanese curry dishes under our own brand “Tiger”. According to the Frost & Sullivan report, based on revenue for the year ended May 31, 2016, we are one of the leading operators in the Hong Kong clubhouse market, with a market share of about 10.6%. Volar has received international recognition. In May 2016, Volar received the “Asia's Best Club” award from the Asian Club and Bar Industry Association. Strategically, we position our two clubhouses to cover different segments of the evening entertainment clubhouse market. Volar aims to provide a high-quality clubhouse-style experience to customers with an elegant taste for evening entertainment and strong spending power. We acquired the right to operate Fly through the acquisition of Fly's operating company in November 2015, aiming to cater to young professional white-collar workers, college students and graduates, and provide a private premium clubhouse experience at a more affordable price. Volar is located in the heart of Lan Kwai Fong, an internationally renowned nightlife district in Hong Kong. Fly is also located in the heart of Central. In terms of clubhouse operations, our revenue mainly comes from beverage sales, entrance fee revenue, sponsorship revenue, and other product and service sales (including cloakroom revenue, snapshot revenue, tip revenue, and rental income from renting the clubhouse venue to host events). In the two years ended May 31, 2016, net beverage sales of the clubhouse accounted for about 89.7% and 91.4% of the clubhouse's operating income, respectively, and about 82.6% and 75.0% of the total revenue, respectively. Our main drink is champagne. In the two years ending May 31, 2016, champagne sales were equivalent to approximately 44.5% and 45.8% of total beverage sales, respectively. Our “Tiger” branded restaurant mainly targets mass market customers and strives to create a relaxed environment and provide a contemporary Japanese dining experience. We set our food menu around Japanese curry dishes, while also serving a variety of other popular Japanese dishes, in an effort to stand out from other casual dining and fast food concepts in the region. The estimated average expenditure per person for “Tiger” brand restaurant customers ranged from HK$72 to HK$124 per person. Our three restaurants operate under the side brands “Tiger Curry”, “Tiger Curry Jr.” and “Tiger Curry & Cafe”. Tiger Curry is located in Causeway Bay, close to trendy restaurants and hotels, and strives to show style and style. The exterior of the restaurant has three storey high walls. The lower half is a wooden board, painted with a bright gray tiger, the other side is shiny blue brick, and the upper part is decorated with gray camouflage. The interior of the restaurant features long wooden counters, an open kitchen and large black-framed windows, a mix of white, blue brick and gray walls, and a large grey tiger pattern. Oversized graphics and images throughout the restaurant are designed to convey our fun and modern brand personality. Tiger Curry Jr. is a food court located in City Super in Times Square, Causeway Bay. It aims to provide food court customers with high quality Japanese curry dishes at affordable prices. Tiger Curry & Cafe is located in Harbour City, Tsim Sha Tsui. It follows the same trend design as Tiger Curry and serves a wider variety of non-curry Japanese dishes. We plan to open two new sports-themed bars and five new restaurants in Hong Kong to further expand the “Tiger” brand to other parts of Hong Kong. For details, please refer to “— Business Strategy — Continued Expansion and Diversification of the Store Network”.

Company Profile

Symbol08412
Company NameNEW AMANTE
ISINKYG090492094
Listing Date04/07/2017
Issue Price0.34
Shares Offered200.00M share
Founded05/19/2016
RegistrationCayman Islands
ChairmanZhiyong Wang
SecretaryRui Sun
Audit InstitutionHong Kong Lixin Dehao Certified Public Accountants Limited
Company CategoryOther
Registered OfficeWindward 3, Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands
Head Office and Principal Place of Business25th Floor, China Huarong Building, 60 Gloucester Road, Wan Chai, Hong Kong
Fiscal Year Ends05-31
Employees89
MarketGEM
Phone(852)29980808
Fax2998-0800
Emailcs@communilink.net
Business The Company is an investment holding company. The Company's subsidiaries mainly operate clubhouse, entertainment and catering businesses in Hong Kong, China.

Company Executives

  • Name
  • Position
  • Salary
  • Zhiyong Wang
  • Compliance Officer,CEO,Executive Director,Authorized Representative,Chairman of the Board
  • 1.31M
  • Huijing Liu
  • Vice Chairman of the Board,Executive Director
  • 138.00K
  • Lexin Lei
  • Executive Director
  • 498.00K
  • Zhenyu Pang
  • Independent Non-Executive Director,Remuneration Committee Chairman,Nomination Committee Member,Audit Committee Chairman
  • 180.00K
  • Weixiong Xu
  • Audit Committee Member,Independent Non-Executive Director,Nomination Committee Member,Remuneration Committee Member
  • 180.00K
  • Qiaowei Jiang
  • Audit Committee Member,Remuneration Committee Member,Nomination Committee Chairman,Independent Non-Executive Director
  • 180.00K
  • Rui Sun
  • Company Secretary,Authorized Representative
  • --

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