Reuters and staff reporter

China bubble tea chain Guming (1364), which is also known as GoodMe, closed over 6 percent lower than its offer price after dipping as much as 10 percent on its trading debut in Hong Kong, becoming another beverage stock that closed below offering price on the first trading day.

The company sold 182.4 million shares at HK$9.94 each, the top of the price range indicated to investors when the deal launched last week.

Guming stock began trading at HK$10 but fell as much as 10.2 percent to HK$8.93. The stock closed at HK$9.3, still down 6.4 percent from the offer price of HK$9.94, giving a paper loss of HK$256 on per board lot of 400 shares,