02460 華潤飲料
CR BEVERAGE
CR BEVERAGE
| Listing Date | 2024/10/23 |
| Listing Price | 14.500 |
Subscription Result
- Subscription Rate234.49x
- Guarantee One Lot Size7 lot
- One Lot Success Rate30%
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IPO Detail
COMPANY PROFILE
China Resources Beverage (Holdings) Company Limited is a renowned company in China’s packaged drinking water industry and China’s RTD soft beverage industry. According to the CIC Report, the Group was one of the first enterprises specializing in the production of packaged drinking water in China, having commenced production in 1990. After four decades of development, it has grown into the second largest company in the packaged drinking water market in China and the largest company in the purified drinking water market in China by retail sales value in 2023, with a market share of 18.4% and 32.7%, respectively.
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Anchored on the Group’s “C’estbon” brand, and rooted in the success of its purified drinking water products, its product portfolio expands product specifications, catering to a wide range of consumption scenarios including outdoor, indoor, business, catering and sports. In 2023, according to the CIC Report, it ranked fifth in terms of retail sales value among China’s RTD soft beverage companies, with a market share of 4.7%
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The Group had a product portfolio of 13 brands, mainly including “C’estbon”, “Zhi Ben Qing Run”, “Mi Shui Series”, “Holiday Series” and “Zuo Wei Cha Shi”, comprising a total of 59 SKUs. Its customers are distributors, who purchase and distribute its products, and direct sales customers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Food & Beverages |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 347.83M shares |
| No. of International Offer Shares | 208.70M shares |
| No. of HK Offer Shares | 139.13M shares |
| Offer Price | $13.50 - $14.50 |
| Stock Code | 2460 |
| Sponsor(s) | UBS Securities Hong Kong Limited, BOCI Asia Limited, CITIC Securities (Hong Kong) Limited, Merrill Lynch (Asia Pacific) Limited |
| Underwriter(s) | UBS AG Hong Kong Branch, BOCI Asia Limited, CLSA Limited, Merrill Lynch (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, The Hongkong and Shanghai Banking Corporation Limited, Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, CCB International Capital Limited |
TIME TABLE
| Application Period | Oct 15 (Tue) - noon, Oct 18 (Fri) |
| Price Determination Date | Oct 21 (Mon) |
| Result Announcement Date | On or before Oct 22 (Tue) |
| Result Announcement Date | On or before Oct 22 (Tue) |
| Result Announcement Date | On or before Oct 23 (Wed) |
| Dealings in Shares commence on | Oct 23, 2024. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 14X - 45X | 45X - 90X | Over 90X |
| % of total shares reallocated to HK Offer | 18% | 23% | 40% |
Sales Statistics (HKD)
| Offer Price | $13.50 - $14.50 |
| Capitalization | 31.70B - 34.04B |
| NAV / share ($) | $5.39 - $5.55 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 14, the net proceeds raised would be HKD 4.73B, of which |
| 30% : Strategic expansion and optimization of production capacity |
| 23% : Expansion of sales channels and enhancing channel efficiency |
| 23% : Conducting sales and marketing activities |
| 3% : Enhancing product R&D capabilities |
| 3% : Digitalization upgrades including bolstering digitalization capabilities across processes encompassing sales, operations, production and logistics |
| 8% : Potential investment, merger and acquisition opportunities |
| 10% : Working capital |
IPO NEWS
| 23/10/2024 16:08 |
| {New Stock}CR BEVERAGE(02460) ends up 15.03% at HK$16.68 |
| 23/10/2024 09:20 |
| {New Stock}CR BEVERAGE(02460) opens up 13.52% at HK$16.46 |
| 22/10/2024 18:35 |
| {New Stock}CR BEVERAGE(02460) ends up 10.35% on grey market |
| 22/10/2024 16:20 |
| {New Stock}CR BEVERAGE up 9.79% at HK$15.92 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).