Chinese bubble tea chain Nayuki has acquired a significant share in the operator of premium tea chain Lelecha for US$75M.
The acquisition deal will make Nayuki the majority shareholder of Lelecha Cayman with an 85 per cent stake, representing 43.64 per cent of Lelecha operator Shanghai Chatian Catering Management.
Nayuki said Lelecha’s strength in store expansion, supply chain, digitalisation and automation, and internal management would empower further growth of Shanghai Chatian, which will in turn provide a good return on investment.
“In addition, the investment will further optimise the competitive environment of the industry and reduce the costs of the company in-store expansion and operation in the future,” Nayuki said in the filing.
