Biscuit maker Cookies Quartet applies for IPO

1 min readUpdated May 15, 2025Sep 7, 20186:47 AM

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Hong Kong biscuit maker Cookies Quartet is planning an IPO to raise funds for expansion into Canada and Taiwan.

The company, founded by former Miss Hong Kong Tse Ning, pastry chef Yiu Man Wong and food writer Yuen Tung Kwan in 2008, now has eight stores in Hong Kong and a bakery in San Po Kong.

In a filing with the stock exchange, Cookies Quartet said it has an agreement with distributors in both new international markets and also plans to expand distribution in Mainland China where it has been selling online for two years.

Of Hong Kong’s 32 biscuit retailers, Cookies Quartet claims a market share ranking it second in revenue terms with sales of HK$80.7 million giving it 13.6 per cent of the market.

The company stated its profits at HK$24.7 million (US$3.1 million) this year, and $29.5 million last year.

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Questions & Answers

Which markets are Cookies Quartet looking to expand into with the funds raised from the IPO?

The company intends to use the funds to expand its operations into Canada and Taiwan. It also plans to broaden its distribution network in Mainland China, where it has been selling online for two years.

What is Cookies Quartet's current market position within Hong Kong's biscuit retail sector?

Cookies Quartet ranks second in revenue terms among Hong Kong's 32 biscuit retailers. It holds 13.6 per cent of the market, with sales reaching HK$80.7 million.

Who are the founders of Cookies Quartet?

The company was founded in 2008 by former Miss Hong Kong Tse Ning, who brought business experience, pastry chef Yiu Man Wong, and food writer Yuen Tung Kwan, contributing their respective expertise.

How much profit did Cookies Quartet report this year and last year?

This year, Cookies Quartet stated its profits at HK$24.7 million, which is equivalent to US$3.1 million. Last year, the company reported profits of HK$29.5 million.