Bubble tea chain Auntea Jenny (Shanghai) Industrial Co. Ltd. (2589.HK) said Monday that the Hong Kong Stock Exchange has approved its application for the full circulation of its Hong Kong-tradeable H shares. Late last month, the China Securities Regulatory Commission (CSRC) also issued a filing notice approving the full H-share circulation.
A total of 35.26 million shares are eligible for full circulation, representing approximately 33.51% of the company’s total issued shares and involving eight participating shareholders.
Shares of Auntea Jenny have been volatile over the past three months, surging nearly 140% from a mid-April trough to a June peak of HK$176.90 before pulling back sharply. The stock opened up 0.3% at HK$94.95 on Tuesday, down 46% from last month’s high.
By Lau Chi Hang
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