This article only represents the author's own views.
The latest IPO prospectus from premium hotpot chain Banu International Holding Ltd. tells two different, and somewhat conflicting, stories.
On the one hand, the company is sticking by its aggressive plan to open 177 new restaurants over the next three years, the same figure it gave in its earlier filing in June that subsequently expired. That would more than double the 162 restaurants it had at the end of this September, according to its updated listing document filed on Wednesday.
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