IPO Dynamics - Green Tea Group Limited has initiated its IPO process, set to end on May 13, 2025, with plans to list on the Hong Kong Stock Exchange under the stock code "6831" on May 16, 2025 [3] - The company plans to issue a total of 168,364,000 shares, with 16,836,400 shares available for public offering in Hong Kong and 151,527,600 shares for international offering [3] - Green Tea Group ranks third in the number of restaurants and fourth in revenue among casual Chinese restaurant brands in mainland China, indicating its market scale and strength for an IPO [3] Acquisition Dynamics - The Australian Competition and Consumer Commission (ACCC) has begun an informal assessment of Lactalis' proposal to acquire assets from Fonterra, with Rothschild acting as an advisor for Lactalis [5] - The ACCC is seeking public feedback on the acquisition, highlighting potential overlaps in raw milk procurement, dairy processing, and supply to food service businesses [5] - The acquisition could impact consumers and the market, as Lactalis may leverage its global network to enhance the visibility of Mainland Group's brands [5] Brand Dynamics - A Bathing Ape (Bape) has collaborated with singer JJ Lin to launch a limited edition series, coinciding with his concert tour [7] - The collection features three items designed in JJ Lin's favorite purple color, including a notable Bape Sta Color Camo Purple sneaker [7] - This collaboration is expected to create a new wave of demand due to the combination of Bape's streetwear appeal and JJ Lin's celebrity influence [7] Financial Data - Puma reported a 63.7% decline in EBIT for Q1 2025, dropping from €159 million to €57.7 million, with sales slightly increasing by 0.1% to €2.07 billion [22] - Sales in the Europe, Middle East, and Africa region grew by 5.1% to €891.7 million, while the Americas saw a 2.7% decline to €753.7 million, primarily due to poor performance in North America [22] - The Asia-Pacific region experienced a 4.7% sales decline to €430.5 million, with ongoing weakness in the Greater China market being a significant factor [22] - Pandora achieved a 7% organic sales growth in Q1 2025, with total sales reaching 7.35 billion Danish Krone, driven by an 18% increase in online sales [25] - The company maintains its forecast for 2025, expecting organic growth between 7% and 8%, with notable growth in the U.S. market at 11% [25] - European sales grew by 4%, with strong performances in mature markets like Spain and Portugal [25] Personnel Dynamics - Tory Burch has announced three management appointments, with Thibault Vilet becoming the new President for Asia-Pacific, Japan, Europe, and the Middle East [29] - Paolo Zullo has been appointed as the President for Europe and the Middle East, effective July 2025, overseeing retail, e-commerce, and distribution in the region [29] - Joshua Chen will join the brand, with Vilet continuing to report to CEO Pierre-Yves Roussel [29]

Core Viewpoint - Green Tea Group Limited plans to launch an IPO from May 8 to May 13, 2025, aiming to raise approximately HKD 1.211 billion through the issuance of 168.364 million shares at a price of HKD 7.19 per share [1][3]. Group 1: IPO Details - The IPO will consist of 117.854 million new shares and 50.5092 million shares for sale by existing shareholders [1]. - Partners Gourmet, the selling shareholder, will see its stake in Green Tea Group decrease from approximately 28.2% to about 15.76% post-IPO, and further to around 7.50% after the sale of shares [5]. Group 2: Company Overview - Green Tea Group operates a chain of casual Chinese restaurants, with the number of restaurants expected to grow from 276 at the end of 2022 to 489 by April 2025 [5]. - The company ranks third and fourth in the Chinese casual dining sector by restaurant count and revenue, respectively, and is the largest player focused on fusion cuisine among the top five operators [7]. Group 3: Financial Performance - Revenue figures for Green Tea Group are projected at approximately RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion for the years 2022, 2023, and 2024, respectively [7]. - Net profit is expected to rise from approximately RMB 16.58 million in 2022 to RMB 350.17 million in 2024, with adjusted net profit figures of RMB 25.22 million, RMB 30.3 million, and RMB 36.1 million for the same years [7][9]. Group 4: Revenue Breakdown - In 2024, restaurant operating income is estimated at RMB 3.099 billion, a slight increase of 1.3% from 2023, while takeaway business revenue is projected to grow by 39.8% to RMB 723 million, accounting for 18.8% of total revenue [10]. - The average spending per customer decreased from RMB 61.8 in 2023 to RMB 56.2 in 2024, while the table turnover rate also declined from 3.30 times in 2023 to 3.00 times in 2024 [10]. Group 5: Dividend Policy - Green Tea Group plans to declare a special dividend of no less than RMB 180 million to shareholders by December 2025, contingent on retained earnings from subsidiaries [11].

IPO Dynamics - No companies are scheduled for IPO meetings in the A-share market [1] - No new stocks are listed this week in the A-share market [2] New Stock Subscription - Three new stocks are available for subscription this week, with no new stock subscriptions scheduled for next week [3] - Hanbang Technology (688755) is set to be subscribed on May 7, while Taili Technology (301595) and Weigao Blood Purification (603014) will be subscribed on May 8 [3] Hong Kong Stock Market - Several companies have passed the hearing for listing on the Hong Kong Stock Exchange, including Heng Rui Pharmaceutical, CATL, and Ji Hong Technology [4] - On May 8, Hong Kong's stock market welcomed the listing of "Hushang Ayi," which raised approximately HKD 195 million by issuing 241,130 shares at HKD 113.12 per share [5] - The founders of Hushang Ayi have a combined net worth of USD 1.1 billion, holding approximately 78.78% of the company's shares post-IPO [5] Upcoming Listings - Green Tea Group is expected to list on May 16, with a share price of HKD 7.19 and a total of 168 million shares being offered [6][7] - The company has secured eight cornerstone investors, with a total investment of approximately USD 87.33 million [7] Company Developments - Xiaopeng Motors is considering an IPO for its flying car subsidiary, Xiaopeng Huitian, with potential listings in Hong Kong or the U.S. [8] - Xiaopeng Huitian has received a significant loan of CNY 1.26 billion from a consortium of banks to support its manufacturing base [8] Regulatory Updates - The Hong Kong Stock Exchange has launched a "Tech Company Fast Track" to facilitate the listing of specialized technology and biotech companies, allowing for confidential submission of applications [9] - This initiative aims to support early-stage companies in understanding listing rules and preparing for the IPO process [9]

Core Viewpoint - Green Tea Group is launching its IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 12.11 billion through the issuance of 168.364 million shares at an offer price of HKD 7.19 per share, with plans for expansion and infrastructure upgrades [1][2]. Group 1: IPO Details - The IPO will involve a global offering of 168.364 million shares, with 117.854 million new shares representing 25% of the total shares post-issue [1]. - The company has secured eight cornerstone investors who collectively subscribed for approximately HKD 673 million worth of shares [2]. - The funds raised will be allocated for expanding the restaurant network, establishing central food processing facilities, upgrading IT systems, and general corporate purposes [1]. Group 2: Company Background - Green Tea Group originated from a youth hostel established in 2004 in Hangzhou and opened its first restaurant in 2008, growing to a national network of 489 restaurants across 21 provinces, four municipalities, and two autonomous regions by April 2024 [2]. - The company is recognized as the third-largest casual Chinese restaurant brand by the number of restaurants and fourth by revenue in mainland China [3]. Group 3: Business Strategy and Performance - The company focuses on a diverse menu with popular dishes like Green Tea Roasted Chicken and Flame Shrimp, maintaining a high cost-performance ratio with an average consumer spending of RMB 50 to 70 [3]. - Revenue figures for 2022, 2023, and 2024 were reported at RMB 2.375 billion, RMB 3.589 billion, and RMB 3.838 billion, respectively, with net profits of RMB 17 million, RMB 296 million, and RMB 350 million [3]. - Future expansion plans include opening 150, 200, and 213 new restaurants in 2025, 2026, and 2027, focusing on smaller outlets for higher turnover rates and lower costs [3].

此次IPO项目全球发行约1.7亿股，招股价为每股7.19港元，预计净集资额最高约12.1亿港元。据百惠金控了 解，绿茶集团预计会在2025年5月16日挂牌上市。 绿茶集团有限公司（下称"绿茶集团"），股票代码6831.HK，于2025年5月8日至5月13日期间招股，百惠金控团 队担任联席账簿管理人及联席牵头经办人。 根据招股书披露，主研融合菜的绿茶集团成位于2008年，由一家西子湖畔的餐厅，经历大幅增长，扩展成现今 的极具规模的全国餐厅网络。按餐厅数量计，绿茶集团2024年在中国休闲中式餐厅品牌中排名第三。餐厅总数 由截至2021年的236家增至截至2023年的360家，复合年增长率为23.5%。目前已复盖中国21个省份、四个直辖 市及两个自治区，包括在香港的两家绿茶餐厅。 重要声明：以上内容由百惠金控提供，仅作参考，并不能完全代替投资者的判断和决策。投资者需要根据自身 风险承受能力情况和需求，建议进行分析和评估，以制定最合适的投资策略。 百惠金控，旗下的百惠证券(中央编号: BPQ161)获香港证监会发牌进行第一类及第四类受规管的持牌活动。同 时，旗下的百惠资本(中央编号: BSM550)持有第一类及第六类 ...

Group 1 - The core point of the article is that Green Tea Group (06831.HK) has commenced its public offering from May 8 to May 13, with a share price set at HKD 7.19 [1] - The company plans to issue 170 million shares, with 10% allocated for public sale in Hong Kong, aiming to raise a total of HKD 1.21 billion [1] - The expected listing date for Green Tea Group is May 16, with Citigroup and China Merchants International as joint sponsors [1] Group 2 - The company has secured HKD 680 million in margin financing from brokers, indicating strong investor interest, as the public offering has been oversubscribed by 4.6 times [1] - The entry fee for one board lot of 400 shares is HKD 2,905 [1]