"New Shares" reports that EASTROC BEVERAGE is assessing investor interest for its Hong Kong listing

According to Bloomberg, citing sources, mainland beverage company EASTROC BEVERAGE (605499.SH) is consulting institutional investors regarding its second listing plan in Hong Kong to assess their investment interest, with the expectation of opening the book for subscriptions as early as this month. Earlier reports suggested that EASTROC BEVERAGE aims for USD 1 billion and is expected to begin its initial public offering in the last week of this month.

EASTROC BEVERAGE has passed the listing hearing at the Hong Kong Stock Exchange yesterday (14th), and the latest preliminary IPO information shows that for the first three quarters ending September last year, the company recorded revenue of RMB 16.838 billion, a year-on-year increase of over 34%. During this period, net profit grew nearly 39% to RMB 3.76 billion, with nearly 4.89 million tons of beverages sold, and an average selling price of approximately RMB 3,446 per ton.

The company expects that the funds raised from the listing in Hong Kong will be used to improve production capacity layout, promote supply chain upgrades, strengthen brand building, expand and refine operational channels, explore overseas markets, and enhance product development capabilities