On Breakingviews - China’s top bottled-water supplier is pouring investors a cloudy glass, says AlecMac11
Chinese bottled-water supplier Nongfu Spring is considering an initial public offering in Hong Kong that could raise at least $1 billion, Bloomberg reported on Nov. 26, citing people familiar with the matter.
The Hangzhou-based company, which also makes other beverages, including vegetable and fruit juices and soft drinks, is working with financial advisers on the sale. The listing could come in the first half of 2020, the report said.
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