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Clifford Chance
News and awards

News and awards

Clifford Chance advises on China Resources Beverages US$650 million Hong Kong IPO

23 October 2024

Clifford Chance advises on China Resources Beverages US$650 million Hong Kong IPO

Global law firm Clifford Chance acted as the international counsel to China Resources Beverages for its initial public offering and listing on the main board of the Hong Kong Stock Exchange. The IPO is expected to raise approximately US$650 million.

Tim Wang, Chair of China Practice and partners Fang Liu and Virginia Lee co-led the deal, with support from counsel Claire Cao and Qingyu Wu, senior associates Emma Bao and Ran Bi, associates Yuer Shao, Ashley Sun and Jingyi Zhang, trainee solicitor Ke Shi, legal specialist Bryan Lu, legal analysts Serena Shen and Kelsey Lu.

Tim said "We are proud to advise some of China's most prominent homegrown companies on their strategic transactions, such as China Resources Beverages on its successful Hong Kong listing. With the long-term growth opportunities in China's consumer economy, we expect companies will continue to raise capital in Hong Kong's capital markets."

China Resources Beverages is the second largest company in the packaged drinking water market and the largest company in the purified drinking water market in China. The company has a diverse product portfolio which includes packaged drinking water, tea drinks and juice beverage products.

Clifford Chance has advised on the IPO listings of some of China's well-known consumer products companies, including ChaPanda (tea beverages), Shiyue Daotian Group Co Ltd (kitchen staple food company), Weilong Delicious (spicy snacks company) and Guoquan Food Shanghai Co Ltd (packaged meals company).

 

高伟绅为华润饮料6.5亿美元香港IPO及上市提供法律服务

国际领先律师事务所高伟绅为华润饮料(控股)有限公司(“华润饮料”)6.5亿美元的香港联交所主板首次公开募股和上市,担任公司的国际法律顾问。

本交易由高伟绅中国业务主席王彦峰、合伙人方刘和李婉雯共同领导,曹阳、吴擎宇、包宸、毕然、邵钰儿、孙沛遥、张静怡、石可、卢远航、沈拓和芦可欣为本交易提供支持。

王彦峰律师表示:我们很荣幸能为中国市场杰出企业的战略性交易提供法律服务,华润饮料此次香港成功上市就是其中典范。由于中国消费经济存在中长期增长机会,我们预计未来将有各类该行业企业继续通过香港资本市场募集资金。

华润饮料是中国第二大包装饮用水企业以及中国最大的饮用纯净水企业,其拥有多元化产品品类,包括包装饮用水、茶饮料和果汁饮料产品等。

高伟绅曾为中国多家知名食品及饮料公司的香港上市提供法律服务,其中包括茶百道、十月稻田、卫龙美味、锅圈等。