On February 12, Guming Holdings Limited (stock code: 01364.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange, becoming the third new tea brand to be listed after Nayuki and Baicha Baidao. Guming sold around 182 million shares globally at a price of HK $9.94 per share, raising HK $1.813 billion.

 

In this transaction, Skadden advised the issuer on Hong Kong and US law; Shihui Partners acted as the issuer's China legal counsel and data compliance legal counsel; Ogier provided services to Guming in relation to Cayman Islands law.

 

Cleary Gottlieb Steen & Hamilton acted as the sponsor's legal counsel in Hong Kong and the United States, and Jingtian & Gongcheng acted as the sponsor's legal counsel in China.

 

Founded in 2010, Guming is a chain brand focusing on freshly made tea, with fresh fruit tea and fresh milk tea as the main products.