MasterBeef Group (MB)
Operates all-you-can-eat Taiwanese hotpot and barbecue restaurants in Hong Kong.
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Operates Hong Kong restaurants under the Master Beef and Anping Grill brands. The portfolio centers on all-you-can-eat Taiwanese hotpot and barbecue formats through Hong Kong operating subsidiaries.
Operates a Hong Kong restaurant portfolio through the Master Beef and Anping Grill brands. Master Beef uses an all-you-can-eat Taiwanese-hotpot format, while Anping Grill uses an all-you-can-eat Taiwanese-barbecue format.
The listed Cayman Islands parent holds the group’s Hong Kong operating subsidiaries, making Hong Kong the business’s operating center. The portfolio has 12 outlets, following the 2024 disposal of the Chubby Bento, Chubby Noodles and Bao Pot operations.
Operations depend on the two retained brands and their Hong Kong restaurant formats. A proposed franchise arrangement for Thai-tea beverages and desserts had not become a definitive agreement as of the May 2026 disclosure.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $18.8M · Total debt $26.9M · Total assets $38.8M · Shareholders' equity $6.0M
- Revenue
- $29.1M
- Operating income
- −$690.2K
- Net income
- −$2.6M
Reported in HKD, converted at the latest exchange rate
No dividends on record.
| Insiders | 72.66% | 12.47M shares | |
|---|---|---|---|
| 2 holders · as of Apr 13, 2026 | |||
| Other | 27.34% | 4.69M shares | |
| remainder | |||
17.16M company shares as of Sep 9, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Oi Wai ChauInsiderdirector, 10 percent owner | 52.56% | 9.02M | filed Mar 24, 2026 |
Tsz Kiu SoInsiderdirector, 10 percent owner | 20.10% | 3.45M | filed Apr 13, 2026 |
Hiu Wa ChanInsiderdirector | 0.00% | 0 | filed Mar 24, 2026 |
Oi Yee Chau1Insiderdirector, 10 percent owner | 0.00% | 0 | filed Mar 19, 2026 |
Chung Fan ChengInsiderdirector | 0.00% | 0 | filed Mar 26, 2026 |
- Oi Yee Chau reports a block also reported by Oi Wai Chau; it is counted once, under Oi Wai Chau.
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.