Green Tea Group Pre-IPO

Green Tea Group is looking to raise about US$150m in its upcoming Hong Kong IPO. Green Tea Group is a restaurant chain operator for fusion cuisine in China. As of the latest practicable date (LPD), it had a restaurant network of 236 restaurants covering 18 provinces, four municipalities and three autonomous regions in the PRC. As per the CIC report, the group was the fourth largest casual Chinese restaurant operator in China as per revenue and number of restaurants in 2020. The firm has grow...