China Drinks Maker Eastroc Beverage Said to Gauge Interest for Billion-Dollar Plus Hong Kong Listing
Chinese energy-drink maker Eastroc Beverage Group Co. has started gauging investor interest for a second listing in Hong Kong that may raise more than $1 billion, according to people familiar with the matter.
The company, whose shares are already traded in Shanghai, is conducting so-called investor-education meetings and will take orders for the deal as early as this month, the people said, asking not to be identified because they weren’t authorized to speak publicly.