Appleby is pleased to announce its role as Cayman Islands counsel to Green Tea Group Limited (the “Company”, together with its subsidiaries, the “Group”) in connection with its successful listing on the Main Board of the Hong Kong Stock Exchange. The initial offering size is about HK$1.21 billion, with 168,364,000 shares priced at HK$7.19 each.
The transaction was led by Hong Kong Corporate Partner, Chris Cheng and assisted by Legal Executive, Connie Wu.
The Group is a well-established operator of casual Chinese restaurants across Mainland China, delivering value to customers through its fusion cuisine offerings at accessible price points and restaurant decor inspired by traditional Chinese culture. Since the opening of its first Green Tea restaurant in 2008 in Hangzhou, the Group has expanded to a nationwide network of over 490 restaurants. Additionally, the Group offers delivery services and engages in various other peripheral businesses, including cell phone charging service, parking service, and sale of cooking oil, condiments, gift boxes, etc.
Chris commented “We are delighted to have assisted the Group with its successful listing on the Main Board of the Hong Kong Stock Exchange, highlighting our exceptional expertise and extensive experience in IPO exercises. We sincerely thank our clients for their trust and support of Appleby, our team is dedicated to delivering high quality service to our clients.”
Appleby remains dedicated to providing comprehensive legal solutions to clients across various industries and jurisdictions. With extensive experience in IPO exercises, we continue to offer exceptional service and strategic legal expertise.
