China Resources Beverage, a state-owned firm, plans a $700M IPO in Hong Kong, the largest in 2024.

China Resources Beverage, a subsidiary of state-owned China Resources Holdings, is set to launch an initial public offering in Hong Kong next week, aiming to raise up to $700 million. This would be the largest IPO in the city for 2024, surpassing a $330 million offering by Sichuan Baicha Baidao Industrial. Bidding for the shares will begin on Tuesday, with Bank of America, BOC International, Citic Securities, and UBS as sponsors.

5 months ago
4 Articles