HONG KONG (BLOOMBERG) - China bottled water giant Nongfu Spring is seeking to raise as much as HK$8.35 billion (S$1.48 billion) in what could be the world's second biggest initial public offering (IPO) by a food and beverage company this year.. Read more at straitstimes.com.
HONG KONG - China bottled water giant Nongfu Spring is seeking to raise as much as HK$8.35 billion in what could be the world's second biggest initial public offering by a food and beverage company this year.
The offering attracted five cornerstone investors who will purchase a combined US$320 million of the offering, based on the top end of the range. Fidelity International will commit US$100 million, while Coatue Management will buy US$80 million. Singapore's sovereign wealth fund GIC will chip in US$70 million. China Structural Reform Fund and Cct-Citic Agricultural Fund plans to purchase US$50 million together. Orix will buy US$20 million.
The listing of Nongfu could kick off the next wave of IPOs in Hong Kong after an earlier flurry of deals in June. Yum China, China's largest restaurant company, is also looking to sell shares in the Asian financial hub as soon as September that could raise about US$2 billion, Bloomberg reported this month. Almost US$19 billion has been raised through first-time share sales in the city so far in 2020, compared to US$10.6 billion for the same period last year, data compiled by Bloomberg show.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republican Party formally nominates Donald Trump to seek second term as US PresidentCHARLOTTE (AFP) - The Republican Party formally nominated President Donald Trump to seek a second term on Monday (Aug 24), the first day of a scaled-back convention in Charlotte, North Carolina.. Read more at straitstimes.com.
Read more »
Global dividend plunge to be worst since financial crisisThe coronavirus crisis will see the world's biggest firms slash dividend payouts between 17per cent-23per cent this year or what could be as much ...
Read more »
Siti Nurhaliza’s two-year-old daughter makes cupcakes for parents’ wedding anniversary in adorable clip (VIDEO)PETALING JAYA, Aug 21 — At just two-years-old, the daughter of Malaysian’s pop darling Datuk Seri Siti Nurhaliza Tarudin appears to enjoy baking up a storm in the kitchen. Siti Aafiyah recently...
Read more »
Football: Bayern hero Coman leaves injuries behind to shine on big stageLISBON: Two years ago Bayern Munich winger Kingsley Coman was publicly contemplating ending his career at the age of 22 with a string of injuries ...
Read more »
Hong Kong buyers rush for UK properties after security lawHONG KONG/LONDON: Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there ...
Read more »
Japan's Sato wins Indy 500 as race ends under cautionREUTERS: Japan's Takuma Sato won the Indianapolis 500 for the second time in four years on Sunday after a late crash saw the 'Greatest Spectacle ...
Read more »