Chinese tea chain ChaPanda seeking to raise $330m in IPO

Chengdu-based ChaPanda is expected to begin trading on the Hong Kong Stock Exchange on 23 April 2024 and will use the raise to strengthen its supply chain and modernise its nearly 8,000 stores

ChaPanda, also known as ChaBaiDao in mainland China, currently operates more than 7,900 sites across China | Photo credit: P.L.

Chinese tea chain ChaPanda is seeking to raise HK$2.6bn ($330m) in a Hong Kong Stock Exchange listing, which it will use to strengthen its supply chains and upgrade its stores and production facilities. 

 

ChaPanda, also known as ChaBaiDao in mainland China, will sell 147.7 million…