- Business
- Luk Hing Entertainment Group Holdings Limited Luk Hing Entertainment Group Holdings Limited (8052:HK), an investment holding company incorporated in the Cayman Islands in 2010 and headquartered at Unit 3C, 3/F, Yue Xiu Industrial Building, 87 Hung To Road, Kwun Tong, Kowloon, Hong Kong, principally engages in the food and beverage and entertainment businesses primarily in Hong Kong. The group operates restaurants, including the flagship HEXA outlet specializing in dim sum and set menus; organizes music-related featured events such as the annual Ultra Hong Kong music festival at Central Harbourfront; grants loans to entities in the food and beverage and entertainment industries; and provides catering services, with revenue derived from sales of food, beverages and other products, sponsorship income, entrance fees, event rentals and cloakroom fees. It targets local diners, mainland China visitors and event attendees through its venues in key Hong Kong locations like Harbour City and Citygate, while maintaining a streamlined workforce of around 49 to 135 employees amid cost optimization efforts. Recent developments include the closure of the SIXA restaurant on 24 March 2025 to concentrate resources on HEXA, which launched an 8th-anniversary set menu and lunchtime half-price dim sum promotions; the successful relaunch of the Ultra Hong Kong music festival in 2024 generating HK$41.9 million in revenue; renewal of major lease agreements in 2024 for Harbour City Premises (HK$15.9 million over two years) and Swire Premises (HK$3.5 million for one year), classified as discloseable and major transactions respectively under GEM Listing Rules; appointment of Mr. Ying Kan Man as executive director on 2 April 2024 and board changes including new independent non-executive directors in late 2024; and a July 2025 subscription agreement for HK$3 million convertible bonds by subsidiary Betula Profit Holdings Limited to Futian Asia Holdings Limited, potentially diluting equity upon conversion.