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China Eastroc Beverage Plans Secondary Listing IPO in Hong Kong to Raise $1 Billion, Currently Listed on Shanghai Stock Exchange with $15.7 Billion Market Value, Eastroc Beverage Founded in 1994 as China State-Owned Company, Acquired by Employee Lin Muqing in Early 2000s for CNY 4 Million ($550,000), Lin Muqing is Chairman & CEO and Billionaire with Fortune of $8 Billion
6th December 2024 | Hong Kong
China Eastroc Beverage is planning a secondary listing IPO in Hong Kong to raise $1 billion, and is currently listed on Shanghai Stock Exchange with $15.7 billion market value. Eastroc Beverage was founded in 1994 as a China state-owned company, and was acquired by employee Lin Muqing in the early 2000s for CNY 4 million ($550,000). Lin Muqing is the current Chairman & CEO, and a billionaire with personal fortune of around $8 billion. Eastroc Beverage, listed on the Main Board of Shanghai Stock Exchange (605499), a company focused on providing high quality healthy drinks for consumers, committed to become the leading multi-category beverage group in China. We experienced a CAGR of more than 20% in revenues and more than 40% in net profit from 2018 to 2022. In 2023, Eastroc Beverage exceeded 10 billion in revenue, solidifying our position as a leading company in beverage industry with both scale production and comprehensive sustainability capacity.
“ China Eastroc Beverage Plans Secondary Listing IPO in Hong Kong to Raise $1 Billion, Currently Listed on Shanghai Stock Exchange with $15.7 Billion Market Value, Eastroc Beverage Founded in 1994 as China State-Owned Company, Acquired by Employee Lin Muqing in Early 2000s for CNY 4 Million ($550,000), Lin Muqing is Chairman & CEO and Billionaire with Fortune of $8 Billion “
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China Eastroc Beverage Plans Secondary Listing IPO in Hong Kong to Raise $1 Billion, Currently Listed on Shanghai Stock Exchange with $15.7 Billion Market Value, Eastroc Beverage Founded in 1994 as China State-Owned Company, Acquired by Employee Lin Muqing in Early 2000s for CNY 4 Million ($550,000), Lin Muqing is Chairman & CEO and Billionaire with Fortune of $8 Billion
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