China Resources Beverage to launch up to $700 mln IPO next week, sources say

Sichuan Baicha Baidao Industrial Co

10/10/2024 13:02

HONG KONG, Oct 10 (Reuters) - Drinks maker China
Resources Beverage is set to launch its Hong Kong initial public
offering (IPO) next week, aiming to raise up to $700 million,
said two people with direct knowledge of the matter.
    The company, which owns the C'estbon branded purified
drinking products in China, will start taking bids from
investors for the offering as soon as Tuesday, the two people
and another source said.
    The sources declined to be named because the matter was
confidential.
        China Resources Beverage did not respond immediately to
a request for comment outside Hong Kong business hours.

 (Reporting by Julie Zhu and Clare Jim in Hong Kong and Scott
Murdoch in Sydney
Editing by Sumeet Chatterjee and David Goodman
)
 ((Scott.Murdoch@thomsonreuters.com;))