Group 1 - The company, Baima Tea Industry, plans to conduct a global offering of 9 million H-shares from October 20 to October 23, 2025, with a price range of HKD 45-50 per share [1] - The offering will consist of 10% for public sale in Hong Kong and 90% for international sale, with trading expected to commence on October 28, 2025 [1] Group 2 - Baima Tea Industry is the largest high-end tea supplier in China for 2024, leading in sales within the high-end Chinese tea sector [2] - The company ranks first in the number of tea chain stores in China and has maintained top sales in various tea categories, including Oolong tea, Wuyi Rock tea, and black tea for multiple consecutive years [2] - The "Baima" brand has the highest brand awareness among chain tea brands in China, according to the 2024 China Customer Satisfaction Index report [2] Group 3 - The net proceeds from the global offering are estimated to be approximately HKD 368 million, assuming a median offer price of HKD 47.5 per share [2] - The company plans to allocate the proceeds as follows: 35% for expanding production bases, 20% for enhancing brand value and product portfolio, 15% for expanding direct retail store networks, 10% for digital operations improvement, 10% for acquisitions or investments in the tea industry, and 10% for working capital and general corporate purposes [2]
八马茶业(06980)10月20日至10月23日招股 拟全球发售900万股H股 预计10月28日上市
智通财经网·2025-10-20 00:06