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].
这家初代网红餐厅启动招股，紫燕、正大等8家基石锁定6.73亿港元