On April 23, Chabaidao made headlines when it was listed on the Hong Kong Stock Exchange, becoming the second listed company in the new tea beverage industry. Despite raising nearly HK$2.6 billion, it faced a challenging first day of trading as its stock price took a significant plunge of over 35%.
Chabaidao, a well-known freshly made tea brand in China with a strong operating performance, attracted institutional investors with its impressive financial indicators. However, its IPO pricing valuation was deemed high, leading to the stock price drop on its debut.
Industry experts believe that Chabaidao’s stock performance will have a ripple effect on other new tea beverage companies planning to go public. Companies like Mixue Bingcheng and Gu Ming are also eyeing listing, but may need to reassess their valuations and fundraising plans in light of Chabaidao’s experience.
The new tea beverage market is highly competitive, with companies facing challenges in differentiating their products and services. Investors may now scrutinize the sustainability and profitability of businesses in this sector more closely before investing.
The road to IPO for new tea beverage companies has become more challenging, with Chabaidao’s listing serving as a cautionary tale. As companies seek capital empowerment to fuel their growth, they must focus on sustainable development to succeed in the dynamic market.
In the wake of Chabaidao’s stock price fluctuations, new tea beverage companies may need to adopt a more pragmatic approach towards their IPOs, taking into account market sentiment and investor confidence. Demonstrating a strong business model and profitability will be crucial for future listings in the industry.
The listing of Chabaidao has undoubtedly sparked discussions and raised awareness among investors and industry players. As the new tea beverage sector continues to evolve, companies will need to navigate challenges and demonstrate resilience to thrive in the competitive market.
Editor in charge: Wu Taifeng
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HDC Hyundai Development Company’s ‘Emotional Safety Contest’… family invitation and work scholarship for grand prize winners
HDC Hyundai Development Company announced on the 24th that it held an ‘Emotional Safety Contest’ for foreign workers on the 23rd.
The event held at the Pyeongtaek Godeok 2nd I-Park site was attended by Kim Tae-young, head of the Pyeongtaek branch of the Ministry of Employment and Labor, Hong Soon-ui, head of the southern Gyeonggi branch of the Occupational Safety and Health Agency, and Lee Kwang-hee, head of the safety and quality division of HDC Hyundai Development Company. This event was held together with the Pyeongtaek Branch of the Ministry of Employment and Labor and the Gyeonggi Southern Branch of the Korea Occupational Safety and Health Agency to establish an autonomous safety culture through active participation in safety activities and raising safety awareness among foreign workers.
HDC Hyundai Development Company received a total of 103 letters from foreign workers over a period of 12 days from the 8th to the 19th, and after screening, selected 5 works to advance to the finals and held the finals of the contest on this day. The five foreign workers who advanced to the finals read their letters in person, and the best work was selected through judging. Foreign workers selected as grand prize recipients were provided with family invitations (round-trip airfare for 4 people, accommodation for 4 nights and 5 days) and a work scholarship of 2 million won. The grand prize winner received a total prize money of 1 million won, and the excellent prize winner received a total prize money of 500,000 won. .
Yu Chun-sik, a Chinese national who won the grand prize, will receive prize money and prizes and invite his family living in China to the upcoming Labor Day event. HDC Hyundai Development Company said, “By actually confirming a safe workplace, we expect this to be an opportunity to feel the warmth and heart of employees working together in Korea.”
Kim Tae-young, head of the Pyeongtaek Branch of the Ministry of Employment and Labor, who attended as the chairman of the judging panel on this day, said, “As the proportion of foreign workers at construction sites is high, there should be no safety accidents due to lack of communication,” and added, “Through emotional exchange with foreign workers and raising safety awareness, “I hope that an autonomous safety culture will be established,” he said, emphasizing the importance of communication with foreign workers.
This emotional safety competition focused on voluntarily establishing a safety culture and promoting safety awareness, breaking away from the existing rigid and controlled safety management. Foreign workers voluntarily participated in the contest through a letter-writing contest. Based on dangerous experiences and ‘near miss’ accidents while working, we identified areas for improvement and expressed in a letter our commitment to safe work in order to safely return to our home country and what we wanted to say to our families back home.
Reporter Hwang So-young, Donga.com [email protected]
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Pandoro Ferragni-Balocco, consumers are now aiming for a refund of the 5.69 euro surcharge
MILANO – There is no peace for Chiara Ferragni e Balocco. After the no of Court of Turin to the request for compensation made by consumers for one million and 500 thousand euros, the associations Codacons, Association of Users of Radio and Television Services and Adusbef are ready for “a new collective action aimed – on the basis of the sentence of the Court of Turin which ascertains the offenses committed by Balocco – to provide the approximately 290 thousand consumers who purchased the Pink Christmas pandoro with a refund of 5.69 euros, equal to the difference between the cost of the traditional Balocco pandoro and the Ferragni branded one”.
The lawyers of the three consumer associations will illustrate the initiative tomorrow in an online press conference in which “the company itself, Chiara Ferragni and the consumers who purchased the Pink Christmas pandoro were invited to participate”.
The Guarantor on the Ferragni pandoro: mix “between commercials and charity”. Dear energy, damage of over 1 billion
by Aldo Fontanarosa
As reported by Codacons, in recent days, Turin Court it has in fact recognized the incorrect practice in relation to the initiative of the “designer” pandoro. “The methods of advertising and dissemination of the commercial practice actually implemented (also) by the company Balocco SpA – we read in the sentence as reported by the consumer association – have made it clear to consumers, contrary to the truth, that by purchasing the Pandoro PinkChristmas , would have contributed directly and proportionally to the raising of funds useful for the financing of the Regina Margherita Hospital in Turin for the purchase of a new machine, which would have allowed it to explore new avenues for the therapeutic care of children suffering from Osteosarcoma and Sarcoma Ewing – we read again in the sentence – Even the significant difference in price of the PinkChristmas Pandoro compared to its equivalent classic Balocco pandoro evidently contributed to inducing the consumer to be convinced that the higher price was a direct contribution to raising the funds useful for the project charity”.
#Pandoro #FerragniBalocco #consumers #aiming #refund #euro #surcharge
– 2024-04-24 15:32:36
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Pandoro Ferragni-Balocco, consumers are now aiming for a refund of the 5.69 euro surcharge