China Drinking Water Giant Yibao's parent company China Resources Beverage Announcement will be listed in Hong Kong, and it is planned to raise a funds of no more than 5.04 billion Hong Kong dollars (about $ 850 million).
Comprehensive Surging News and Bloomberg reported that China Resources Drinks announced on Tuesday (October 15) on the Hong Kong Stock Exchange that it intends to sell 347 million shares globally through Hong Kong's first public offering (IPO) worldwide, of which the number of shares in Hong Kong will be available.For 38.26 million shares, the number of international offering shares is 309,565 million shares, and the offer price will be from 13.50 to 14.50 Hong Kong dollars per share.
If calculated at HK $ 14.50 per share, China Resources Beverage plans to raise funds of not more than HK $ 5.04 billion. From October 15th to October 18th, it will start transactions on the Hong Kong Stock Exchange from October 23.
Listing documents released by China Resources Beverage on Tuesday show that China Tourism Group's units, UBS asset management, oak capital management, Boyu Investment and China Post Life Insurance Co., Ltd. are the cornerstone investment of China Resources Beverage Hong Kong IPOFor those.
China Resources Beverage said that the cornerstone investors promised to hold the shares for half a year and have agreed to buy a China Resources Beverage stock worth 310 million US dollars (about 406 million yuan) when they were listed in Hong Kong.
The Hong Kong IPO fundraising amount will be used for strategic expansion and optimization capacity, accelerate sales channel expansion, digital upgrades, potential investment and mergers and acquisitions.
