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<IPO>EASTROC BEVERAGE (605499.SH) Gauging Institutional Investor Interest for HK Listing: Wire
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Chinese beverage company EASTROC BEVERAGE (605499.SH) is gauging institutional investor interest for its secondary listing in Hong Kong, Bloomberg reported, citing people with the knowledge of the matter. The company is expected to build its book for subscription as early as this month. Prior to this, EASTROC BEVERAGE purportedly aims to raise USD1 billion, with the public offering anticipated to start in the last week of this month. EASTROC BEVERAGE passed the listing hearing at the Hong Kong Stock Exchange yesterday (14th). The latest preliminary prospectus showed that for the first three quarters ending last September, the company recorded a revenue of RMB16.838 billion, up over 34% YoY. During the period, net profit increased by nearly 39% to RMB3.76 billion. AASTOCKS Financial News Website: www.aastocks.com |
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