Kato (Hong Kong) Holdings Ltd. filed to list on the Hong Kong Stock Exchange.
The Hong Kong-based company operates residential care homes for the elderly, offering professional nursing and care-taking services, nutritional management, medical services, physiotherapy and occupational therapy services, psychological and social care services, along with individual care plans and recreational services.
Additionally, Kato sells healthcare and medical goods, as well as add-on healthcare services to its residents.
The company is the third largest private residential care home for the elderly operator in Hong Kong in 2017. In its application, Kato said the demand of residential care homes for the elderly is expected to grow given Hong Kong's ageing population.
The company generated total revenue of HK$156 million for the year ended March 31, 2018, with operating profit at HK$44.6 million.
VMS Securities Ltd. is acting as the sole sponsor in the offering.