China's Tianmei Beverage Group IPO on ASX to raise between A$8m-A$10m

Guangdong-based Tianmei Beverage Group Corporate Limited, a Chinese F&B company, is conducting its initial public offer (IPO) on the ASX and aims to list by February 2017. Led by Phillip Capital, its IPO will see between 40 and 50 million new shares issued at A$A0.20  with the aim of raising between A$8 to A$10 million.