Chinese securities regulators approved Auntea Jenny (Shanghai) Industrial's listing in Hong Kong, The Standard reported Monday.
The bubble tea shop plans to issue up to 13.09 million shares in the city, the report said.
Auntea Jenny's shareholders plan to convert about 56 million unlisted domestic shares for listing in Hong Kong, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)