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

Reuters10-10

HONG KONG, Oct 10 (Reuters) - Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering $(IPO.UK)$ 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474712191?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 20:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474712191","market":"sh","top_or_hot":-1,"title":"China Resources Beverage to launch up to $700 mln IPO next week, sources say","media":"Reuters","content":"<html><body><p>HONG KONG, Oct 10 (Reuters) - Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> next week, aiming to raise up to $700 million, said two people with direct knowledge of the matter.</p><p>   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.</p><p>   The sources declined to be named because the matter was confidential.</p><p>       China Resources Beverage did not respond immediately to a request for comment outside Hong Kong business hours.</p><p> (Reporting by Julie Zhu and Clare Jim in Hong Kong and Scott Murdoch in Sydney Editing by Sumeet Chatterjee and David Goodman )</p><p>((Scott.Murdoch@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Resources Beverage to launch up to $700 mln IPO next week, sources say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Resources Beverage to launch up to $700 mln IPO next week, sources say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG, Oct 10 (Reuters) - Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering $(IPO.UK)$ next week, aiming to raise up to $700 million, said two people ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1233","symbol_name":"餐馆","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2474712191","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474712191","pubTimestamp":1728561768,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"HONG KONG, Oct 10  - Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering  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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1233":"餐馆","02555":"茶百道"},"translate_title":"消息称华润饮料下周将启动至多7亿美元IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02555":0.9},"content_text":"HONG KONG, Oct 10 (Reuters) - Drinks maker China Resources Beverage is set to launch its Hong Kong initial public offering $(IPO.UK)$ 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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474712191"}