Core Viewpoint - The company, Baima Tea Industry, is planning a global offering of 9 million H-shares, with a price range of HKD 45.00 to 50.00 per share, aiming to raise approximately HKD 368.2 million for various strategic initiatives [1][3]. Company Overview - Baima Tea Industry is a well-known tea supplier in China, leading in high-end tea sales and tea shop numbers as of 2024, with a strong market position in oolong and black tea [1][2]. - The company has maintained its top sales position in various tea categories, including Tieguanyin for over 10 years, Wuyi Rock Tea for 5 years, and black tea for 4 years [1]. Market Dynamics - The high-end tea market in China is experiencing rapid growth, with a projected increase from approximately RMB 890 billion in 2020 to about RMB 1,031 billion by 2024, reflecting a compound annual growth rate (CAGR) of about 3.7% [2]. - The market is expected to reach approximately RMB 1,353 billion by 2029, with a CAGR of about 5.6% from 2024 to 2029 [2]. Use of Proceeds - The net proceeds from the global offering are estimated to be approximately HKD 368.2 million, with allocations as follows: 35% for expanding production bases, 20% for enhancing brand value and product portfolio, 15% for expanding the direct store network, 10% for digital operational improvements, 10% for acquisitions or investments in the tea industry, and 10% for working capital and general corporate purposes [3].
八马茶业(06980.HK)拟全球发售900万股H股 预计10月28日上市
Ge Long Hui·2025-10-19 23:42