It wants to go into residential sections of Tier 1 cities. Cafe de Coral, a Hong Kong-listed restaurant firm, has declared ambitions to expand in China, where domestic consumption is projected to rebound at a faster rate due to the company’s early control of the COVID-19 epidemic, according to the company. The company is focusing on residential regions in Tier 1 cities while also growing its footprint in Tier 2 and 3 cities. The Group has a network of 352 stores in Hong Kong as of March 31, 2021, down from 356 in 2020, and 121 stores in Mainland China, up from 114. The group’s profit attributable to equity investors increased 387.7% to $46.25 million (HK$359.1 million) in FY 2021, thanks to $82.29 million (HK$638.9 million) in government monetary relief. Meanwhile, revenue dropped 15.7 percent to $864.79 million HK$6.71 billion. Get Hong Kong Business sent straight to your inbox. Your e-mail address is required. Since you’ve arrived, there are a variety of ways you may collaborate with us to promote your business and interact with your customers. Our team can assist you in planning and executing a print and digital advertising campaign, as well as on our website and in print magazines. We can also host a live or virtual event for you, bringing in thought leaders and industry leaders who could be possible partners. We also conduct certain awards programs that allow you to be acknowledged for your accomplishments throughout the year, and you can participate or sponsor them. Allow us to assist you in moving your business forward with the support of a good collaboration! I’d like to obtain a copy of the media kit./n
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