Mixue, Guming and Auntea sought IPO approvals earlier this year
Regulatory caution stems from poor performance of listed peerssources
Chabaidao dropped nearly 27 on Hong Kong debut in April
Move highlights tighter scrutiny of offshore Chinese IPOs

HONG KONGSYDNEY, Sept 20 Reuters Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to the dour market performance of peers in Hong Kong amid weaker consumer sentiment at home, said eight sources.

Mixue Bingcheng, Guming Holdings and Auntea Jenny are among those whose offshore floating plans have been delayed by the China Securities Regulatory Commission CSRC this year, said the sources with knowledge of the matter.

Mixue, which has roughly 36,000 stores, was looking to raise up to 1 billion in its Hong Kong IPO, which would have been the largest new share sale in at least a year in the city, said five of the sources.

Guming, with 9,000 stores, aimed to raise up to 500 million via an Hong Kong listing, said two of them. But both Mixue and Guming IPO applications lapsed earlier this year after six months of waiting for the approval, said four of the sources.

As part of rules unveiled by the CSRC in March last year to strengthen oversight of offshore listings, Chinese companies looking to list in Hong Kong or New York must first get approval from their home regulator.

The regulatory move to put the bubble tea makers39; IPO plans on hold has been…