Mrs. Auntie in Shanghai went to Hong Kong for the listing and received a notice of filing, becoming the largest mid-priced brewed tea beverage store brand in northern China.
On January 10th, the International Cooperation Department of the China Securities Regulatory Commission disclosed the "Notice on the Filing of Overseas Issuance and Listing of Shares and the 'Full Circulation' of Unlisted Shares in Shanghai Auntie (Shanghai) Industrial Co., Ltd."
On January 10th, the International Cooperation Department of the China Securities Regulatory Commission disclosed the "Notification on the Overseas Issuance and Listing of Shanghai Auntie (Shanghai) Industrial Co., Ltd. and the 'Full Circulation' Listing of Unlisted Shares domestically".
According to the notification, Shanghai Auntie plans to issue no more than 13,088,260 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. The company's 17 shareholders plan to convert a total of 56,653,706 unlisted domestic shares into overseas listed shares and list them for trading on the Hong Kong Stock Exchange.
Shanghai Auntie is a fast-growing instant beverage company. According to Zhoushi Consulting, based on the total number of stores in 2023, Shanghai Auntie ranks first among the mid-priced instant tea beverage brands in northern China. As of June 30, 2024, Shanghai Auntie further expanded its total number of stores to 8,437 nationwide, covering all four municipalities in China, as well as more than 300 cities in five autonomous regions and 22 provinces, with store networks reaching as far north as Mohe in Heilongjiang Province and as far south as Sanya in Hainan Province.
In terms of financial data, according to its latest prospectus, from 2021 to 2022, Shanghai Auntie's revenue and net profit increased by 34% and 79.2% respectively, and from 2022 to 2023, the revenue and net profit of Shanghai Auntie increased by 52.3% and 159.5% respectively.
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