Market Chatter: Eastroc Beverage to Hire Banks for Hong Kong Listing

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Market Chatter: Eastroc Beverage to Hire Banks for Hong Kong Listing

MT Newswires Live01-17

Eastroc Beverage (SHA:605499) is about to recruit banks to help the beverage manufacturer with its second listing in Hong Kong, Bloomberg News reported, citing people familiar with the matter.

Among those recruited are Morgan Stanley, UBS, and Huatai Securities (HKG:6886, SHA:601688), the report said.

The listing is slated to take place in 2025, and is seen to raise as much as $1 billion, according to the report.

Talks are still ongoing and the size and schedule of the share offering are subject to change, the report said.

Eastroc did not immediately respond to a request for comment from MT Newswires.

(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.)

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.

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