Citigroup has issued a research report stating that Green Tea Group's pre-IPO private equity investor, Partners Group Gourmet House Ltd (PG), has fully divested its entire 16% stake through a series of transactions. According to the bank's understanding, these transactions were private placements to specific investors and will not affect stock trading in the public market. Upon completion of the transactions, which includes regulatory approval procedures, PG will have completely exited Green Tea Group and will no longer hold any shares. The bank maintains a "Buy" rating on Green Tea Group, with a target price of HK$13.4, based on a projected 2026 price-to-earnings ratio of 13 times.