Recently, there have been reports that Dongpeng Special Drink Dongpeng Beverage is seeking to be list in Hong Kong in 2025, with the fundraising amount expect to be up to US$1 billion (approximately HK$7.8 billion), and is currently recruiting banks to handle the process.
China’s “first functional beverage stock” to be list in Hong Kong?
According to the official website, Dongpeng Beverage focuses on providing consumers with high-quality healthy drinks and is committ to recent mobile phone number data becoming China’s leading multi-category beverage group. It has 12 production bases in Guangdong, Guangxi, Anhui, Chongqing and other places, with a production capacity Dongpeng Special Drink of more than 3.35 million tons/year, and 2,982 distributors covering 33 provincial-level administrative regions and 333 prefecture-level administrative regions across the country. It has won the “Top 25 Global Soft Drink Brand Value”, “Kantar BrandZ Top 100 Most Valuable Chinese Brands”, and “Hurun China Food Industry Top 100”. At present, in addition to Dongpeng Special Drink, Dongpeng Beverage also has many products such as Boshuila, Pengyou Shangcha, Dongpeng Daka, VIVI Cocktail, etc.
As a well-known domestic functional beverage brand
Dongpeng Beverage has also perform well in Dongpeng Special Drink the past two years. The financial report shows that in the past four years, Dongpeng Beverage’s total new energy vehicle industry chain faces hidden problems and seeks breakthroughs revenue and net profit have increas year-on-year. In 2023, its total revenue and net profit exce 10 billion yuan and 2 billion yuan respectively, setting a record high. The relatively outstanding performance may add a boost to Dongpeng Beverage’s listing in Hong Kong.
It is worth mentioning that Dongpeng Beverage has been list on the A-share market before
In 2021, Dongpeng Beverage land on the Shanghai Stock Exchange and became the “first functional beverage stock” in China. In 2022, Dongpeng doctors email list Beverage issu an announcement stating that the company plans to plan Dongpeng Special Drink to issue global depositary receipts (Global Depository Receipts) overseas and list on the Swiss Stock Exchange. However, at the beginning of this year, Dongpeng Beverage terminat its Swiss listing plan on the grounds of “changes in objective factors such as internal and external environment.” First it was Switzerland, and now there is news of listing in Hong Kong. Why does Dongpeng Beverage insist on listing overseas or in Hong Kong?