In today’s briefing:
- China Resources Beverage (Holdings) Pre-IPO Tearsheet
- Afcons Infrastructure Limited Pre-IPO – The Negatives – But Overdue Trade Receivables Increasing
China Resources Beverage (Holdings) Pre-IPO Tearsheet
- China Resources Beverage (Holdings) Company Limited is looking to raise US$1bn in its upcoming Hong Kong IPO. The bookrunners on the deal are BofA, BOCI, Citic, and UBS.
- China Resources Beverage manufactures and sells packaged drinking water and RTD soft beverages in China.
- According CIC, it was the second largest company in the packaged drinking water market in China and the largest company in the purified drinking water market in 2023.
Afcons Infrastructure Limited Pre-IPO – The Negatives – But Overdue Trade Receivables Increasing
- Afcons Infrastructure Limited (6595396Z IN) is looking to raise US$840m in its upcoming India IPO.
- Afcons Infrastructure Limited (Afcons) is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
- In this note, we talk about the not-so-positive aspects of the deal.
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