Chinese IPO

Two Chinese companies go ahead with Hong Kong IPOs

Ten Fu Tea and Hongguo International are pushing ahead with Hong Kong IPOs that could raise a total of $550 million.
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Lee Rie-Ho, founder of Ten Fu Group
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<div style="text-align: left;"> Lee Rie-Ho, founder of Ten Fu Group </div>

Two Chinese retail players have decided to press ahead with their Hong Kong IPO plans despite the weak market sentiment. Ten Fu Tea, a Chinese tea company, hopes to bag around $300 million through a new share sale, while Hongguo International, a Chinese shoemaker, plans to raise around $250 million, according to sources.

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