Core Viewpoint - Baima Tea Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, raising a maximum of HKD 450 million, reflecting strong market confidence in the high-end Chinese tea industry [1][2] Group 1: Listing and Market Performance - Baima Tea plans to issue 9 million H-shares, with 90% for international sale and 10% for public offering, achieving an oversubscription of 2,680.04 times in the public offering, setting a new record for tea companies in Hong Kong [1] - The stock closed at HKD 93.35 on its first trading day, representing an increase of 86.7% from the issue price, with a total market capitalization of HKD 7.935 billion [1] Group 2: Business Strategy and Fund Utilization - The company will allocate 35% of the raised funds for expanding production bases, 20% for enhancing brand value and product portfolio, 15% for optimizing offline networks, 10% for digital operations, 10% for acquisitions in the tea industry, and 10% for working capital [2] - Baima Tea's focus on capacity expansion, digital operations, and brand enhancement is expected to strengthen its competitive advantage in the market [2] Group 3: Market Expansion and Global Strategy - The company plans to expand its overseas market presence, initially targeting Southeast Asia and countries involved in the Belt and Road Initiative, with future plans to enter the European and American markets [3] - Leveraging international capital and investor networks, Baima Tea aims to enhance its global brand recognition and accelerate local channel development and product customization strategies [3]
八马茶业正式登陆港交所 加速全球化布局