＜IPO＞CR Beverage Completes CSRC Filing for HK Listing

　　China Securities Regulatory Commission (CSRC) announced that it has received the filing of pro forma information on the listing of an overseas issue submitted by China Resources Beverage (Holdings) through its domestic operating entity, China Resources Cestbon Beverage (China). The document indicated that CR Beverage intends to issue up to 406 million overseas listed ordinary shares.

　　CR Beverage submitted its listing application to SEHK in April this year, with BofA Securities, BOCI, CITIC Securities and UBS acting as joint sponsors. According to the preliminary prospectus document, the company has a product portfolio of 13 brands, including “Cestbon”, “Zhi Ben Qing Run”, “Mi Shui Series”, “Holiday Series”, and “Zuo Wei Cha Shi”, with a total of 56 stock keeping units (SKUs), covering ready-to-drink soft drinks such as packaged drinking water, tea beverages, and fruit juice beverages.

　　Prior to the listing, CR Beverage was 60% and 40% owned by China Resources Holdings and Plateau respectively. Earlier, there were market reports that CR Beverage was aiming to raise US$1 billion in its Hong Kong listing.