The IPO of C'estbon parent company China Resources Beverages is reportedly approved, with a target of raising 7.8 billion yuan and a roadshow to start as early as the end of this month

China Resources Beverages, a beverage giant in the mainland, has made new progress in its IPO in Hong Kong. According to foreign media reports, China Resources Beverages has been approved by the Hong Kong Stock Exchange (388) and plans to launch a roadshow as early as the end of this month, and plans to raise up to US$1 billion (approximately HK$7.8 billion). The amount of funds raised this time is consistent with the previous amount. A review o…