The company expects to be listed during the first quarter of the year.
ZEN Corporation Group has announced that they will hold an initial public offering (IPO), selling 75 million shares.
The funds will be used to expand the business of the group across Thailand and internationally, improve their existing restaurants, and repay loans from commercial banks.
“The group aims to be the leader in the food service business in the country and has the vision for the organization to become the most popular and trusted brands among consumers as well as with business partners and other concerned parties,” Boonyong Tansakul, CEO of ZEN Group, said.
During this year, it plans to expand 36 of its own branches and 87 franchised branches. By 2020 it plans to expand another 50 of its own branches and another 175 franchised branches
ZEN owns a number of restaurants including ZEN, Masha by ZEN, Tummour, Laoyuan, Jaew Hon and On the Table Tokyo Café.
Photo credit: ZEN website
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