Major Shareholder Partners Gourmet to Divest Entire 15.96% Stake in Green Tea Group

Stock News04-09 07:47

Green Tea Group (06831) announced that its board of directors has received notice from its major shareholder, Partners Group Gourmet House Limited (Partners Gourmet), which is ultimately controlled by Partners Group Holding AG. On April 8, 2026, Partners Gourmet entered into three separate agreements: (i) a block trade agreement with J.P. Morgan Securities (Asia Pacific) Limited and GF Securities (Hong Kong) Brokerage Limited as placing agents, under which Partners Gourmet agreed to sell, and the placing agents agreed to use their best efforts to place a total of 60.044 million ordinary shares; (ii) a conditional share purchase agreement to sell 23.0484 million shares to an investment fund; and (iii) a memorandum of understanding to enter into a share purchase agreement with a strategic corporate buyer for the sale of certain shares, provided that the total proceeds from this sale, together with the transactions in (ii) and (iii), do not exceed $30 million. The total number of shares involved in these transactions is 106 million, representing approximately 15.96% of the total issued shares as of the announcement date. The block trade placement is expected to be completed on April 13, 2026. The completion of the other sales is subject to regulatory approvals where applicable. Following the completion of all transactions, Partners Gourmet will no longer hold any shares and will cease to be a shareholder of the company.

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