Bubble tea maker secures approval for Hong Kong listing, plans to issue 13 million shares

Bubble tea brand Auntea Jenny (Shanghai) Industrial received approval from the China Securities Regulatory Commission last Friday, January 10, for its offshore listing, planning to issue up to 13.09 million overseas-listed shares in Hong Kong.

The company’s 17 shareholders plan to convert a total of over 56 million unlisted domestic shares into overseas-listed shares for trading in Hong Kong.

Auntea Jenny should report the status of its offshore issuance and listing through the CSRC’s filing management information system within 15 working days after completing the listing, CSRC said.