One store under the Wagyu Sukiyaki brand Da Niu Sukiyaki (Brand Code: DNSX) successfully raised RMB 1.758 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX, according to an announcement on MCEX website. The subscribers to the DRO included Panthera Fund and other financial institutions.
Da Niu Sukiyaki is a top-quality, cost-effective semi-buffet restaurant that offers premium dining experiences. The first branch was established in June 2021, and after three years, it has emerged as a popular brand in the Japanese Wagyu buffet industry. It consistently ranks among the top performers in terms of food and beverage sales in multiple shopping malls.
One store of China’s new Cantonese cuisine brand Yu Fai Kitchen (brand code: YKCY) has successfully raised RMB 2.616 million by listing Daily Revenue Obligation (DRO) with a contract period of 4 years on MCEX, according to an announcement on MCEX website. The subscribers to the DRO included Panthera Fund and other financial institutions.
According to MCEX, as of April 10, Yu Fai Kitchen has listed 6 stores with a financing amount of RMB 19.33 million.
Established in 2017, Yu Fai Group originated from Shunde, Guangdong Province, known as the culinary capital of the world. It has now developed into a catering management group that combines restaurant chain operations and food manufacturing. The group owns eight major brand series, including Yangcheng No. 1 and Yu Fai Xing Chu. Currently, it has established 13 catering stores in
MCEX is dedicated to creating a market-driven, open-source exchange platform for the issuance and trading of DROs. Since launching its Market Accepted Protocol (MAP) on January 16, 2024, the platform has actively harnessed the strengths of intermediaries, brands, investors, and various market participants to support funding for micro and small businesses. Over the upcoming weeks, a variety of stores representing diverse brands will list their DROs on MCEX, further enriching a widely engaged DRO-focused investment and financing ecosystem.
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Micro Connect connects global capital with small businesses. Officially launched on August 3, 2023, Micro Connect Macao Financial Assets Exchange (MCEX) is a global exchange platform for the revenue-sharing asset class and represents Macao’s new endeavor to promote the development of innovative finance and Micro Connect’s mission to provide micro and small businesses with access to sustainable and affordable funding. As of the end of December 2023, more than 10,000 micro and small businesses had raised nearly RMB 4 billion from global investors through the platform.
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