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Green Tea Launches HK$1.2 Billion Hong Kong IPO
Ziyan Food (603057.SH): Plans to increase capital in its subsidiary and invest in the subscription of shares for the initial public offering of the Green Tea Group on the Hong Kong Stock Exchange.
Gelonghui on April 24th丨Ziyan Foods (603057.SH) announced that the company plans to use its own funds to invest 70 million yuan in its wholly-owned subsidiary Wuxi Zixian, and Wuxi Zixian will invest no more than 35 million USD (excluding brokerage commissions, Hong Kong Stock Exchange trading fees, fees from the Hong Kong Accounting and Financial Reporting Council, and transaction fees from the Hong Kong Securities and Futures Commission) as a cornerstone investor to subscribe for shares of the Green Tea Group in its initial public offering on the Hong Kong Stock Exchange, with the shareholding proportion determined based on the market cap at that time. The investment amount is a budgeted figure, and the specific investment amount will be based on the actual investment made. The company will be in talks with
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