HKG:6831

Green Tea Group's Controlling Shareholders Extend Lock-Up Undertaking

Green Tea Group (HKG:6831) controlling shareholders voluntarily extended their lock-up undertaking for another six months through Nov. 12, according to a Tuesday Hong Kong bourse filing.Shares of the casual Chinese restaurant operator were up nearly 2% in Wednesday morning trade.The extension covers 365.6 million shares, representing about 54.29% of the issued share capital.The company's original post-initial public offering lock-up period is due to expire on May 15.

Huachuang Securities Starts Green Tea Group at Add with HK$10.90 Price Target