Auntie Shanghai Plans HKEX Listing by Year – end, with Over 5,000 Stores
Recently, Shanghai Auntie plans to list on the Hong Kong Stock Exchange and will submit its prospectus by the end of this year, with CITIC Securities and Haitong International jointly advancing the plan. Founded in 2013, Shanghai Auntie specializes in fresh fruit tea, with Shan Weijun serving as the Chairman. As early as April this year, Shanghai Auntie announced its ambitious goal of opening 10,000 stores: adding 3,000 new stores in 2023, bringing the total number of operational stores to over 8,000, with signed contracts for over 10,000 stores. As of February 2023, Shanghai Auntie Fresh Fruit Tea has opened more than 5,000 stores in over 200 cities nationwide, selling over 350 million cups throughout 2022. In terms of the supply chain, Shanghai Auntie Fresh Fruit Tea has established 8 major warehousing and logistics bases, 6 large fresh fruit cold chain warehouses, 22 cold chain front warehouses, and 4 national equipment warehouses, achieving nearly 100% cold chain coverage nationwide. Downstream...
