Herbert Smith Freehills Kramer Advised underwriters On Bama Tea Co., Ltd.’s Hong Kong IPO
Herbert Smith Freehills Kramer advised underwriters on Bama Tea Co., Ltd.’s Hong Kong IPO
The global law firm Herbert Smith Freehills Kramer advised Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited, TFI Capital Limited, and other underwriters on the H-share listing of Bama Tea Co., Ltd. (06980.HK) on the Main Board of the Hong Kong Stock Exchange.
Bama Tea Co., Ltd. is a leading Chinese tea brand offering premium tea leaves, teaware, and snacks. The company ranked first nationwide in sales revenue for premium tea leaves in 2024. China’s premium tea market is projected to reach approximately RMB 135.3 billion (US$18.98 billion) by 2029, growing at around 5.6% annually.
Commenting on the transaction, Matt Emsley (Partner, Hong Kong) said, “The Hong Kong IPO market continues to show strong momentum, with IPO volume and fundraising already surpassing previous years — pointing to a strong outlook for listing activity through year end and beyond.”
Stanley Xie (Partner, Beijing) added, “This milestone reflects the growing momentum of China’s consumer sector tapping into Hong Kong’s capital markets, and we’re proud to support brands like Bama Tea in their journey toward global recognition.”
The Herbert Smith Freehills Kramer team was led by Matt Emsley (Partner), Stanley Xie (Partner), and Jin Kong (Senior Registered Foreign Lawyer), with support from Brian Ge, Cyrus Wong, Gigi Lo, Ting Wang, and Leah Zhi. Additional assistance was provided by Crystal Min, Tong Bo, Cassey Wu, Huaien Tang, Christie Tsang, and Cece Wong.
Marine Jin (Legal Manager) led the Herbert Smith Freehills Kewei Joint Operation’s Digital Legal Delivery business to provide high-efficiency solutions for verification and other document-intensive processes during the listing, assisted by Grace Ji, Chunqin Li, and Jemma Gao.
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