Another listed company in Shenzhen’s Nanshan!

On October 23, China Resources Beverage (Holdings) Company Limited (CR Beverage) went public on the main board of the Hong Kong Stock Exchange, with the stock code of 2460.HK and a stock abbreviation of China Resources Beverage. Shenzhen's Nanshan District now has a total of 215 listed firms.

CR Beverage, the 18th listed company under China Resources Group, has provided drinking water for 70 Chinese national sports teams since 2019. It has developed into China's largest pure drinking water firm and the country's second-largest packaged drinking water company over the last four decades. Its brand, C'estbon, is widely recognized.

A net amount of approximately HKD 4.903 billion was raised by the firm through the issuance of approximately 347.82 million shares globally, each valued at HKD 14.5. UBS AM Singapore, China Travel Service, Wildlife Willow Limited, China Post Insurance, and Oaktree are among cornerstone investors. The funds raised will be mainly used for production capacity optimization, channel expansion, brand building, product R&D, digital upgrades, and potential investments and acquisitions, which are of great significance for the company to reduce operating costs, enrich product lines, and expand market share. On the first day of listing, China Resources Beverage opened at HKD 16.46, a rise of more than 13% over the issue price.

(cnbayarea.org.cn & GDToday)