On February 12, 2025, Guming Holdings Limited (1364.HK, Guming) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx). The total fund-raising size of this IPO, after exercising the offer size adjustment option, is approximately HKD1.81 billion. CBI is honored to participate in the due diligence work for this IPO Project.
Guming is a Chinese freshly-made beverage company. The company operates under a franchise model, with over 9,000 stores operating nationwide. Guming’s product line includes three main categories: fruit tea, milk tea, and coffee, with more than 130 beverage products.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the group company, its directors, senior management and shareholders and provided information including litigation, bankruptcy and winding-up records. The due diligence project globally covers 7 countries and regions, including China, Hong Kong, Indonesia, Switzerland and the USA, etc.