New stock news | Ba Ma Tea Company's Hong Kong IPO prospectus has become invalid

The Hong Kong stock prospectus submitted by Eight Horses Tea Company on January 17th expired after 6 months on July 17th, with Huatai International, Agricultural Bank International, and TF International serving as its joint sponsors at the time of submission. According to the previous prospectus, Eight Horses Tea Company is the leader in China's high-end tea market, the top seller in the high-end Chinese tea sector, and the most well-known tea brand in China. According to a Frost & Sullivan report, based on the number of tea chain stores by the end of 2023, the company ranked first in the Chinese tea market; based on sales revenue by 2023, the company ranked first in the Chinese high-end tea market. As of January 10, 2025, the company owns two tea refining production bases, with the Anxi production base located in Anxi County, Fujian Province, primarily engaged in the refining of Tieguanyin tea and blended teas, while the Wuyishan production base located in Wuyishan City, Fujian Province, primarily engaged in the refining of Wuyi Rock tea and black teas.