BRIEF: Lancang Ancient Tea to raise $7.5 million via share placement at 16% discount
Tea producer Lancang Ancient Tea Co. Ltd. (6911.HK) announced on Sunday that it plans to place 24 million Hong Kong-listed shares, representing 16% of its enlarged issued share capital. It…
Lancang May Give Investors a Bitter Tea Taste As It Prepares For an IPO
Lancang’s sales are increasing fast, but its earnings growth is hampered by high costs and falling margins Key Takeaways: Lancang has filed for an IPO in Hong Kong after pulling…
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