Beijing halts bubble tea offshore IPO approvals over soured Hong Kong listings, sources say [Yahoo! Finance Canada]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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Source: Yahoo! Finance Canada
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) - Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to the dour market performance of peers in Hong Kong amid weaker consumer sentiment at home, said eight sources. Mixue Bingcheng, Guming Holdings and Auntea Jenny are among those whose offshore floating plans have been delayed by the China Securities Regulatory Commission (CSRC) this year, said the sources with knowledge of the matter. Mixue, which has roughly 36,000 stores, was looking to raise up to $1 billion in its Hong Kong IPO, which would have been the largest new share sale in at least a year in the city, said five of the sources. Guming, with 9,000 stores, aimed to raise up to $500 million via an Hong Kong listing, said two of them. But both Mixue and Guming IPO applications lapsed earlier this year after six months of waiting for the approval, said four of the sources. A
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