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Source: Insiders say China Resources Beverage will raise $650 million in Hong Kong IPO.
Jinshi data, October 18th news, according to two sources, the parent company of Yibao, China Resources Beverage, will raise $650 million through this year’s second largest Hong Kong IPO, and will price it at the upper limit of the issuance price. Sources said that the offer price will be announced to investors in the range of HK$13.50 to HK$14.50 per share when trading starts on Tuesday.