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Citi: Pre-IPO Investor Exit from GREEN TEA GROUP (06831.HK) Doesn't Affect Open Mkt Trading
2026-04-10 09:55:14
GREEN TEA GROUP (06831.HK)'s pre-IPO private equity investor, Partners Group Gourmet House Ltd (PG), has fully disposed of its 16% stake through a series of transactions, Citi Research issued a research report saying.

These transactions are in the nature of placements to specific investors and will not affect share trading in the open market, according to the broker's understanding. Upon completion of the transactions (including regulatory approval procedures), PG will completely exit GREEN TEA GROUP and will no longer hold any shares.

Therefore, Citi Research rated GREEN TEA GROUP at Buy/ High Risk, with a target price of $13.4, based on a forecasted 13x PE ratio for 2026.
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