"Stock Movement" Beverage stocks generally declined, GUMING fell by 5%, Starbucks plans to sell 60% stake in China for $4 billion
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Tea beverage stocks generally fell, with GUMING's stock price dropping 4.7% to HKD 21.26, MIXUE GROUP down 2.1%, CHABAIDAO down 2.5%, and AUNTEA JENNY down 3%. At the same time, Starbucks plans to sell its 60% stake in China to Boyu Capital for USD 4 billion, marking an important step in its transformation. Starbucks will retain a 40% stake and continue to authorize brand usage. The Hang Seng Index fell by 202 points, with the main board trading nearly HKD 168.9 billion
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