Deloitte China assists listing of CR Beverage on SEHK
The largest consumer IPO in Hong Kong year-to-date
Deloitte China supported the listing of China Resources Beverage (Holdings) Company (CR Beverage, stock code: 02460.HK) on the Stock Exchange of Hong Kong (SEHK) on 23 October 2024.
CR Beverage raised around HKD5.04 billion, making it the largest HK IPO of a consumer business by funds raised year-to-date.
Client overview
CR Beverage is a manufacturer of packaged drinking water and RTD soft beverages in China, producing a diverse portfolio of products, including but not limited to packaged drinking water, tea beverages, juice beverages and coffee beverages.
CR Beverage has a product portfolio of many brands, mainly including C’estbon, Zhi Ben Qing Run (至本清润), Mi Shui Series (蜜水系列), Holiday Series (假日系列) and Zuo Wei Cha Shi (佐味茶事).
Source: CR Beverage’s IPO prospectus published on 15 October 2024
Deloitte’s role
As one of the core service institutes, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing for CR Beverage. Our engagement team maintained a dedicated, conscientious attitude with a high-quality philosophy of diligence and excellence. We delivered the highest quality of professional services using our rich industry experience to assist CR Beverage to complete its filing work smoothly at each stage. We also cooperated with all related professional parties to achieve the CR Beverage listing on SEHK.
Deloitte China congratulates CR Beverage on its successful listing on SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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