Tea product company in US$160 million IPO

    | BY

    clpstaff &clp articles

    Tenfu Holdings Company (Tenfu) has raised HK$1.25 million (US$160 million) from its initial public offering (IPO) on the Hong Kong Stock Exchange and Rule…

    Tenfu Holdings Company (Tenfu) has raised HK$1.25 million (US$160 million) from its initial public offering (IPO) on the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering.

    The issuer is China's largest Chinese tea-product enterprise. It will use the IPO proceeds to expand and optimise existing outlets, acquire new stores and fund marketing. The joint sponsors were Credit Suisee, China International Corporation Hong Kong Securities and Polaris Securities.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]