China Resources Beverage eyes $650m from HK listing priced at top of range

China Resources Beverage eyes $650m from HK listing priced at top of range

A customer packs her purchase next to bottles of C'estbon purified drinking water, a brand under China Resources Beverage, at a supermarket in Beijing, China October 17, 2024. REUTERS/Florence Lo

Drinks maker China Resources Beverage is set to raise $650 million from Hong Kong’s second largest initial public offering (IPO) this year, pricing it at the top of the range, two sources with direct knowledge of the matter said.