Core Viewpoint - Baima Tea Industry has made significant progress in its listing process, having commenced a global offering on October 20, 2025, aiming to list on the Hong Kong Stock Exchange after multiple previous attempts in the A-share market [2] Group 1: Listing Details - Baima Tea plans to globally offer approximately 9 million H-shares, with 900,000 shares available for public offering in Hong Kong and 8.1 million shares for international offering [2] - The subscription period for the shares is from October 20 to October 23, 2025, with an expected listing date of October 28, 2025 [2] - The proposed price range for the shares is between HKD 45.0 and HKD 50.0, with an estimated net fundraising of HKD 368 million if priced at the median of HKD 47.5 [2] Group 2: Use of Proceeds - Approximately 35% of the net proceeds will be allocated to expanding and constructing new production bases [3] - About 20% will be used to enhance brand value and expand the product portfolio [3] - Around 15% is designated for funding the expansion of the company's direct retail store network, focusing on flagship stores [3] - 10% will be invested in improving the digital operations of the business [3] - Another 10% is earmarked for acquisitions or investments in participants within the Chinese tea industry [3] - The remaining 10% will be used for working capital and other general corporate purposes [3] Group 3: Company Performance - Baima Tea's revenue for the years 2022 to 2025 (first half) is reported as follows: RMB 1.818 billion, RMB 2.122 billion, RMB 2.143 billion, and RMB 1.063 billion respectively [5] - The total profit and comprehensive income for the same periods are RMB 166 million, RMB 206 million, RMB 224 million, and RMB 120 million respectively [5] - Baima Tea is recognized as a leading tea supplier in China, ranking first in high-end tea sales revenue and in the number of tea chain specialty stores as of 2024 [3]
【IPO追踪】闯关成功！八马茶业开启招股，净筹3.7亿港元