Minshang Creative Technology Holdings Limited (01632.HK)

Minshang Creative Technology Holdings Limited ("MSCTECH") (formerly known as Food Wise Holdings Limited) is an investment holding company. The company officially changed its name to MSCTECH on September 7, 2018. It principally operates chain restaurants in Hong Kong and B2B domestic, import & export trading businesses in the People’s Republic of China (the“PRC”).

In terms of chain restaurants, as of September 30, 2020, MSCTECH, through its wholly-owned subsidiary, operated 12 restaurants under “Viet’s Choice (越栈)” brand and 1 restaurant under“Five Spice”(5越) brand in Hong Kong. The restaurants provide casual dining and full-menu Vietnamese-style casual dining services. Among which, 1 were located in the Hong Kong Island, 4 were located in Kowloon and the remaining were located in the New Territories.

In terms of trading business, MSCTECH, through a wholly-owned subsidiary in China, is positioned as a B2B business and focuses on providing 3C electronic products, frozen food and grain and oil products.

The MSCTECH’s long-term goal is to become a technology based, diversified and integrated group comprising top-notch full service casual chain restaurants in Hong Kong by capitalising on technology empowerment and through digital enhancement and online transformation, supplemented by high-efficiency industrial chain and scale business while expanding digitalised technology services. In the foreseeable future, we remain confident in the business prospects of the Group.