Home
>
ipos-overview
Proposed Symbol | GST |
---|---|
Company Name | Ga Sai Tong Enterprise Ltd |
Exchange | |
Share Price | $ |
Employees | 14 (as of 06/30/2025) |
Status | |
Shares Offered | |
Offer amount | $9,100,000 |
Shares Over Alloted | |
Company Address | KAM LUNG COMMERCIAL CENTRE, 5TH FLOOR NO. 2 HART AVENUE KOWLOON NULL |
Company Phone | 852-2981-1688 |
Company Website | www.navan.com |
CEO | Wai Kit Ng |
State of Inc | |
Fiscal Year End | 12-31 |
Total Offering Expense | $776,064.00 |
Shareholder Shares Offered | |
Shares Outstanding | 12,000,000 |
Lockup Period (days) | 180 |
Lockup Expiration | |
Quiet Period Expiration | |
CIK | 0002064551 |
DealId | 1349592-115398 |
We are an exempted company with limited liability incorporated under the laws of the Cayman Islands on January 15, 2025, as a holding company. We conduct our operation through our wholly-owned Hong Kong Operating Subsidiaries, namely Akai Honoo Capital, French Fries Creativeworks and Wonderful Concept. We are an established restaurant group in Hong Kong serving a variety of cuisines such as Japanese yakitori, French-Japanese fusion and authentic Japanese sashimi/sushi cuisines. As of the date of this prospectus, we operate three restaurants, namely Akai Honoo, Ankoma and Kuno, located at commercial premises in Tsim Sha Tsui of Hong Kong. Our portfolio of restaurants caters to guests from different backgrounds and with different preferences. Our offerings range from day-to-day catering to fine-dining experience. --- We strive to offer our guests an unforgettable dining experience based on creativity, authenticity, elegance and innovation. Our restaurants are highly recognized in Hong Kong. Ankoma was featured in the Michelin Guide Hong Kong in 2025, applauded for its butter-aged lobster and three-yellow roast chicken. Ankoma was also listed in “The 50 best restaurants in Hong Kong” on Time Out (Hong Kong) in December 2024, praising its sensational French-Japanese cuisine. Akai Honoo, Ankoma and Kuno are highly-rated on Openrice, a widely-used food and restaurant guide website in Hong Kong, with an average rating of 4.5/5.0 as of June 30, 2025. We, through our Hong Kong Operating Subsidiaries, have achieved progressive growth in our business. According to the Cundi Report, the total revenue of Hong Kong’s restaurant industry in the fourth quarter of 2024 was estimated at HK$276 billion, reflecting a 0.4% year-on-year increase. For the full year, the restaurant market size reached approximately HK$1,094 billion, marking a marginal increase compared to the previous year. The fine-dining segment in Hong Kong represents a significant portion of the restaurant industry, driven by both local affluent customers and the city’s status as an international tourist hub. The market is expected to grow at a rate slightly higher than the overall restaurant industry in the coming years. Looking ahead, the restaurant market is projected to grow over the next five years. This growth will be driven by the recovery in tourism, urbanization and increasing disposable income, technological integration, health and sustainability trends and experiential dining. --- Our principal office is located at Fifth Floor of Kam Lung Commercial Centre, No. 2 Hart Avenue, Kowloon, Hong Kong, and our telephone number is +852-2981 1688. Our registered office in the Cayman Islands is located at Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor New York, NY 10168.