Chinese energy drink maker Eastroc Beverage Group Co. is reportedly considering a potential listing in Hong Kong after its previous plans for a Swiss share sale fell through.
Sources familiar with the matter suggest that the Shanghai-listed company is in the process of engaging banks to assist with preparations for the share sale, which could take place as early as next year.
The expected offering is projected to raise up to $1 billion, reflecting Eastroc's aspirations to expand its market presence. This move aligns with the broader trend of Chinese companies seeking to access international capital markets, particularly in response to recent challenges in domestic listings.