Chinese casual dining firm Green Tea Group lists on HKEX

Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.
May 16, 2025

Green Tea Group, a leading casual dining brand in China, began trading on the Hong Kong Stock Exchange HKEX on Friday, May 16 following the pricing of its initial public offering IPO.

Green Tea’s stock is listed under the ticker 6831 and the IPO of 168,364,000 common shares was priced at HK$7.19 $0.92 per share. According to a HKEX filing the net proceeds from the deal were HK$745.8 million $95.5 million the IPO was heavily oversubscribed. 

Following the IPO and before any exercise of an over-allotment option, private equity firm Partners Group, which had an undisclosed minority stake in the firm since...

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