Green Tea Group Completes HK$1.21 Billion Hong Kong IPO and Regulation S Offering
05.16.25
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Simpson Thacher represented Green Tea Group Limited (“Green Tea Group”) (HKSE: 6831) in connection with its initial public offering and Regulation S offering. Green Tea Group offered an aggregate of 168,364,000 shares prior to the exercise of the international underwriters’ over-allotment option. The base offering size was approximately HK$1.21 billion (approximately US$156 million). The shares of Green Tea Group are listed on the Main Board of the Hong Kong Stock Exchange. Citigroup Global Markets Asia Limited and CMB International Capital Limited acted as joint sponsors, overall coordinators, sponsor-overall coordinators, joint global coordinators, joint bookrunners and joint lead managers. GF Securities (Hong Kong) Brokerage Limited and Guoyuan Securities Brokerage (Hong Kong) Limited acted as overall coordinators.
Green Tea Group is a well-known operator of casual Chinese restaurants in Mainland China. The company creates customer value by providing fusion cuisine at accessible price points and decoration inspired by Chinese traditional culture.
The Simpson Thacher team for the transaction included Christopher Wong, Yi Gao, Marjory Ding, Keng-Wen Lin, June Hu, Christy Li and Karen Shih (Capital Markets).