On 8 May 2025, Auntea Jenny (Shanghai) Industrial Co., Ltd. (2589.HK, Auntea Jenny) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 273 million. CBI is honored to participate in the due diligence work for this IPO Project.
Auntea Jenny is a China-based company mainly engaged in the operation of freshly-made tea shops. The Company offers freshly-made beverages made from loose-leaf tea, freshly grounded coffee beans or yogurt, with additional ingredients such as fresh fruits, Not From Concentrate (NFC) juice, milk and various types of grains with its store network spans from Mohe, Heilongjiang province in northern China to Sanya, Hainan province in southern China.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, customers, suppliers and franchisees. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in various on-site visits including the existence and operations verification, customer flow counting and survey. The due diligence project globally covered 8 countries and regions, including China, Hong Kong, Taiwan, Singapore, Australia and the United States.