Ipsos Business Consulting advised Hang Chi Holdings Limited on the industry overview of its listing on the GEM Board of the Hong Kong Stock Exchange (stock code: 8405.HK) on July 11, 2017. The Group is an established operator of elderly residential care homes in Hong Kong providing comprehensive residential care home services to elderly residents through the network of "Shui On 瑞安" and "Shui Hing 瑞興"branded elderly residential care homes across four districts in Hong Kong.
Ipsos Business Consulting conducted an analysis of market landscape and competitive Analysis of the elderly residential care home industry (RCHE) in Hong Kong. During the IPO process, Ipsos Business Consulting worked with the Group, IPO sponsor and the lawyer to complete the contents of the prospectus as well as follow up questions from HKEX, thus to help investors to understand the market overview, competitive landscape and other value. According to Ipsos Business Consulting's analysis, the total revenue in the RCHE industry has grown by a CAGR of approximately 7.4% between 2011 and 2015 from approximately HK$6,206 million to approximately HK$8,271 million. It is expected that the total revenue in the RCHE industry would reach about HK$11,490 million in 2020, representing a CAGR of 7.0% from 2016 to 2020.