Market Chatter: China Resources Beverage Eyes $1 Billion Hong Kong IPO, Sources Say

MT Newswires Live09-25

China Resources Beverage plans to raise up to $1 billion from an initial public offering in Hong Kong in October, The Standard reported Tuesday, citing two sources with direct knowledge of the matter.

The Chinese drink manufacturer plans to finish the IPO before the US elections in November, the report said.

China Resources Beverage's IPO would be among the largest in the city this year after that of Midea (HKG:0300, SHE:000333), the news outlet said.

China Resources Beverage owns the C'estbon purified drinking brand.

The company declined to comment, according to a Reuters report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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