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Recently, the Hong Kong Stock Exchange approved the initial public offering of China Resources Beverage, the parent company of the well-known drinking water brand C'estbon, which means that after Nongfu Spring, the second largest packaged drinking water company in China will officially enter the capital market.

According to the official website, China Resources Beverage is a professional ready-to-drink soft drink company under China Resources Group, mainly engaged in the "Yibao" brand series of packaged drinking water. China Resources Group is one of the key state-owned enterprises directly supervised and led by the State-owned Assets Supervision and Administration Commission, and is also a Fortune 500 company.

According to capital market news on August 9, the pre-roadshow of China Resources Beverage's IPO may start at the end of August. In April this year, China Resources Beverage submitted its prospectus to the Hong Kong Stock Exchange, and in July, China Resources Beverage received a listing registration notice from the China Securities Regulatory Commission. The registration notice shows that China Resources Beverage plans to issue no more than 406 million shares, with a total fundraising of no more than US$1 billion.

At present, China Resources Beverage's product line covers packaged drinking water, tea drinks, juice drinks, sports drinks and coffee drinks. However, more than 90% of its revenue comes from Yibao drinking water. According to the prospectus, in 2023, China Resources Beverage's market share will be about 18.4%, ranking second in China's packaged drinking water market, second only to Nongfu Spring. At the same time, China Resources Beverage is also the largest drinking pure water company in my country, with a market share of about 32.7%.