Earnings ·
Happy City Holdings Limited reported a net loss of US$2,618,817 for the six months ended February 28, 2026, compared…
HCHLHappy City Holdings Ltd
Happy City Holdings Limited reported a net loss of US$2,618,817 for the six months ended February 28, 2026, compared to net income of US$284,988 in the prior year period. Revenue declined 44.2% to US$2,321,605 due to reduced customer demand and competition from Shenzhen dining options. The company closed its Kwun Tong and Mong Kok restaurants in May and July 2026, respectively, citing sustained operating losses. Management entered into a Standby Equity Purchase Agreement for up to US$20 million and acquired Wing Shing International Consultancy Limited by issuing 1,312,487 shares valued at US$2,598,726. Happy City Holdings Limited operates all-you-can-eat hotpot restaurants in Hong Kong.