Nasdaq plans may be recipe for success

CHONGQING - Two hotpot restaurant chains are cooking up plans to list on the Nasdaq stock market within the next two years as part of their attempts to expand overseas.

Chongqing Liuyishou Hotpot Co Ltd, based in the southwestern municipality, said it plans to go public within one or two years.

"We will make every effort to get listed on the Nasdaq before 2012," said Liu Song, the company's president. "To achieve this goal and learn about the developed market, we will also set up some overseas outlets this year. We plan to establish a branch in Singapore this month, one in Hong Kong in June and another in the United States in August."