CR BEVERAGE debuted with a more than 13% opening surge on its first day of trading, reaching a market value of HKD 38.6 billion
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CR BEVERAGE debuted on the Hong Kong stock market today, opening up 13.52% at HKD 16.46, with a total market value of HKD 38.645 billion. The IPO price of the stock was HKD 14.5 per share, and the public offering stage was oversubscribed by 236 times. CR BEVERAGE is the second largest packaged drinking water company in China, with retail sales of the "C'estbon" brand reaching 39.5 billion yuan in 2023. From 2021 to 2023, CR BEVERAGE's revenue was 11.34 billion, 12.623 billion, and 13.515 billion yuan respectively, with a net profit margin increasing from 7.6% to 9.9%
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