Market Chatter: China Resources Beverage Seen to Price IPO at Top of Range, Sources Say

MT Newswires Live10-18

China Resources Beverage (HKG:2460) is expected to price its initial public offering in Hong Kong at the top of the range to raise HK$5 billion, Bloomberg News reported Friday, citing people familiar with the matter.

The bottled water manufacturer could sell about 347.8 million shares at HK$14.50 apiece, the report said.

The retail portion of the offering was oversubscribed about 140 times, according to a separate report by The Standard Friday.

China Resources Beverage will debut on the Hong Kong bourse on Oct. 23.

(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.)

Price (HKD): $18373.61, Change: $+6.5, Percent Change: +0.04%

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