2025.05.08
On May 8, 2025, Auntea Jenny (Shanghai) Industrial Co., Ltd. ("Auntea Jenny", the "Company," or the "Issuer," stock code: 02589.HK) was listed on the main board of the Hong Kong Stock Exchange (the "Listing" or the "Project"). This public offering witnessed a 3,616 times oversubscription, reflecting investors’ recognition of its commercial value.
Founded in 2013, Auntea Jenny is a popular freshly-made beverage company headquartered in Shanghai. According to a CIC report, as of December 31, 2024, Auntea Jenny had 9,176 stores, covering all four municipalities in China, as well as over 300 cities in five autonomous regions and 22 provinces. Auntea Jenny holds a strong market position among mid-priced freshly-made tea brands in China's lower-tier markets.
JunHe has acted as the PRC legal counsel to the joint sponsors and underwriters since 2023. They conducted PRC legal due diligence, reviewed and amended the prospectus and other application and offering documents, and cooperated with the other intermediaries in drafting and preparing the full set of legal documents for filing with the China Securities Regulatory Commission (CSRC) for the overseas listing. JunHe assisted in responding to PRC law-related concerns from the CSRC, the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange. They facilitated communication with the regulatory authorities for the IPO application, and helped the Issuer complete the CSRC filing procedures and obtain approval and consent from the Hong Kong Stock Exchange. The rigorous and efficient work and detail-oriented and professional services provided by the JunHe team have been unanimously recognized by the Issuer, the joint sponsors, the underwriters, and the other intermediaries.
Partners JIANG, Wenjun (Kelvin) and HE, Tingcai (Lawrence HO) led the JunHe team, and partner ZHU, Chong was responsible for the specific work. Partner LI, Zhi provided support for the internal control matters.
