Hong Kong Food Distributor Billion Group Withdraws $8 Million U.S. IPO Plan

Stock News

03/02

Billion Group (BGHL.US), a Hong Kong-based high-end food distributor, has withdrawn its initial public offering plan. The company had previously filed to raise $8 million by offering 1.6 million shares, with a proposed price range of $4 to $6 per share. As a premium food supplier, the company primarily provides high-quality, scarce products to food service distributors and luxury retail channels in Hong Kong. Its product portfolio consists of 60% frozen foods, 24% premium wines and spirits, 15% high-end seafood, and 1% other food items, based on fiscal year 2024 revenue. Founded in 2015 and headquartered in Hong Kong, the company reported revenue of $9 million for the 12-month period ended June 30, 2025. Billion Group had planned to list on the Nasdaq under the ticker symbol "BGHL". American Trust Investment Services was set to be the sole book-running manager for the transaction.

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The company had previously filed to raise $8 million by offering 1.6 million shares, with a proposed price range of $4 to $6 per share. As a premium food supplier, the company primarily provides high-quality, scarce products to food service distributors and luxury retail channels in Hong Kong. Its product portfolio consists of 60% frozen foods, 24% premium wines and spirits, 15% high-end seafood, and 1% other food items, based on fiscal year 2024 revenue. Founded in 2015 and headquartered in Hong Kong, the company reported revenue of $9 million for the 12-month period ended June 30, 2025. Billion Group had planned to list on the Nasdaq under the ticker symbol \"BGHL\". American Trust Investment Services was set to be the sole book-running manager for the transaction.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MNQ","symbol_name":"微型NQ100指數","start_time":0,"source_url":"","article_id":"1159993371","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159993371","pubTimestamp":1772434723,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Billion Group (BGHL.US), a Hong Kong-based high-end food distributor, has withdrawn its initial public offering plan. 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As a premium food supplier, the company primarily provides high-quality, scarce products to food service distributors and luxury retail channels in Hong Kong. Its product portfolio consists of 60% frozen foods, 24% premium wines and spirits, 15% high-end seafood, and 1% other food items, based on fiscal year 2024 revenue. Founded in 2015 and headquartered in Hong Kong, the company reported revenue of $9 million for the 12-month period ended June 30, 2025. Billion Group had planned to list on the Nasdaq under the ticker symbol \"BGHL\". American Trust Investment Services was set to be the sole book-running manager for the transaction.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}