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11/04/2007

Chamat Chinese Fast Food Chain Coming to America


Chinese fast-food chain Chamate said it is considering an initial public offering in the United States, as it aims to boost revenues 52 percent a year.

Chamate also plans to increase the number of its outlets five-fold to 250 by 2011, from about 50 now, which would help propel sales, Chief Financial Officer Joseph Chan said in an interview late on Thursday.

"We would prefer to list in the United States, where investors are more familiar with our business model," Chan said.
[From China fast-food chain Chamate eyes U.S. listing]

Jay Brewer - 11/04/2007 08:29:00 AM | Permalink|

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