Nongfu Spring launched IPO - food tech news in asia

April 30, Chinese bottled water giant Nongfu Spring has disclosed the application documents for the Hong Kong Stock Exchanges and officially has launched an IPO, which provides an understanding of the company’s operation in the Chinese beverage market that is worth than 990 billion RMB (US$140.4 billion)

Previously Bloomberg reported that Nongfu Spring was weighing an initial public offering in Hong Kong that could raise US$1 billion. Until last month, the company was reported again to hire investment banks to hasten Hong Kong IPO.

This content is restricted to members only. Please press this link to register. Already a member? Please login.

You May Also Like

Saturnbird released a new coffee

On April 21st, the boutique instant coffee Saturnbird released its 5.0 ultra-instant…

Nestle sells water business in China

Nestle sells part of its water business in China; on August 28th,…

Enzymatic hydrolysis oat powder boosts plant-based milk market

Huajia Foods, A food tech company that specializes in a whole enzymatic…