China Resources Beverage (Ticker: 2460.HK), the division of China Resources responsible for non-alcoholic beverages, primarily manufactures and distributes packaged drinking water under the brand C'estbon, along with other products like tea and coffee. Headquartered in Shenzhen, the company also operates regional offices in cities such as Beijing, Chengdu, and Shanghai.
China Resources Beverage will list on the Hong Kong Stock Exchange (HKEX) on October 23, 2024. The firm is offering shares to raise approximately HKD 4.91 billion (USD 626.43 million). The expected market capitalization at the offer is HKD 33.15 billion (USD 4.23 billion). The IPO is managed by BOCI Asia Limited, Merrill Lynch (Asia Pacific) Limited, UBS Securities Hong Kong Limited, and CITIC Securities (Hong Kong) Limited.