Under the dark trading of GREEN TEA GROUP, the decline exceeded 14%, and the company is a leading Chinese restaurant brand
GREEN TEA GROUP (6831.HK) will conduct its IPO from May 8 to May 13, 2025, with CMB International and Citigroup serving as joint bookrunners and joint lead managers. This IPO project will globally issue approximately 170 million shares, with an offering price of HKD 7.19 per share, and is expected to raise a net amount of up to HKD 1.21 billion. GREEN TEA GROUP is expected to be listed on May 16, 2025
GREEN TEA GROUP (6831.HK) is conducting its IPO from May 8 to May 13, 2025, with CMB International and Citigroup serving as joint bookrunners and joint lead managers. The IPO project involves a global issuance of approximately 170 million shares, with an offering price of HKD 7.19 per share, and the expected net fundraising amount is approximately HKD 1.21 billion. GREEN TEA GROUP is expected to be listed on May 16, 2025.
According to data from Jieli Trading Treasure, as of now, GREEN TEA GROUP (6831.HK) has received 110 times subscription in the Hong Kong public offering market.
The prospectus reveals that GREEN TEA GROUP, which specializes in fusion cuisine, was established in 2008 from a restaurant by the West Lake and has experienced significant growth, expanding into a large-scale national restaurant network. By the number of restaurants, GREEN TEA GROUP ranked third among Chinese casual dining brands in 2024. The total number of restaurants increased from 236 as of 2021 to 465 by the end of 2024, with a compound annual growth rate of 23.5%. It currently covers 21 provinces, four municipalities, and two autonomous regions in China, including two GREEN TEA restaurants in Hong Kong.
GREEN TEA GROUP has shown strong growth from 2022 to 2024, with revenues of RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion, respectively; during the same period, adjusted net profits were RMB 25 million, RMB 303 million, and RMB 360 million
