The fastest way to obtain a tea-colored visa is to go to the US for an IPO next year.

date
13/12/2024
avatar
GMT Eight
According to reports cited by informed sources, Hunan Tea Yuet Cultural Industry Development Group Co., Ltd. (known as "Tea Yan Yue Se") is considering conducting its initial public offering (IPO) on the U.S. stock market instead of Hong Kong. Informed sources indicate that the sale of stocks for the leading Chinese tea drink leader Tea Yan Yue Se may take place in the U.S. market as early as next year. Moreover, this tea chain still needs approval from Chinese regulatory authorities before it can list overseas. Earlier news reports had indicated that this Chinese tea chain had selected CICC and Morgan Stanley earlier this year to participate in its Hong Kong stock issuance, with the possibility of raising hundreds of millions of dollars. According to the latest media reports, informed sources suggest that Tea Yan Yue Se may conduct its IPO in the U.S. next year, but the specific timetable depends on when Tea Yan Yue Se will officially obtain approval from Chinese regulatory authorities. As the information has not yet been made public, the informed sources requested anonymity. They stated that as Tea Yan Yue Se plans to list in the U.S., more and more Chinese tea drink companies are still considering listing on the Hong Kong stock market. The representatives of Tea Yan Yue Se declined to comment on the news. Several Chinese tea chain enterprises, including Mi Xue Bing Cheng and Auntie in Shanghai, have had their offshore listing plans shelved after failing to obtain approval from the China Securities Regulatory Commission, and the sharp drop in the stock prices of some tea beverage companies in the Hong Kong stock market has dampened market sentiment towards Chinese tea beverage companies. However, the China Securities Regulatory Commission has approved the IPO of Ancient Tea in Hong Kong. Offshore listings, including in the U.S. stock market, have less stringent requirements, making them more attractive as stock trading venues for Chinese companies. Funds raised through initial public offerings on the Hong Kong stock market this year amounted to approximately $10.5 billion, a significant increase compared to 2023, but lower than the historical average level.

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