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The latest update is out from Green Tea Group Limited ( (HK:6831) ).
Green Tea Group Limited has announced that substantial shareholder Partners Gourmet has completed a placing of 60,044,000 shares, representing about 9.07% of the company’s issued share capital excluding treasury shares. The shares have been successfully placed with what the company describes as high-quality institutional investors, slightly reshaping the shareholder base while keeping the listed entity itself unchanged.
The company noted that a related share sale by Partners Gourmet is progressing on schedule and pledged to provide further updates when appropriate. Management thanked the exiting substantial shareholder for its long-standing support, welcomed the new institutional investors, and reiterated its commitment to creating substantial long-term value, while cautioning shareholders and potential investors to exercise care when dealing in its securities.
The most recent analyst rating on (HK:6831) stock is a Buy with a HK$10.74 price target. To see the full list of analyst forecasts on Green Tea Group Limited stock, see the HK:6831 Stock Forecast page.
More about Green Tea Group Limited
Green Tea Group Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating through a group structure that includes various subsidiaries. The company counts institutional investors and substantial shareholders among its key stakeholders and positions itself as focused on delivering long-term value to shareholders.
Average Trading Volume: 2,984,220
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.56B
Find detailed analytics on 6831 stock on TipRanks’ Stock Analysis page.