Apr 17, 2023 07:22 PM
CHINA
Chinese Liquor-Maker ZJLD Seeks Up to $812 Million in Hong Kong IPO
At the top of the price range, ZJLD’s first-time share sale is poised to be the largest in the Asian financial hub since December. Photo: Bloomberg
(Bloomberg) — Chinese liquor company ZJLD Group Inc. is seeking to raise as much as HK$6.37 billion ($812 million) through an initial public offering that is set to be Hong Kong’s largest this year.
The company is offering 490.7 million shares at HK$10.78-HK$12.98 each, according to a statement to the Hong Kong stock exchange. Its first day of trading is slated for April 27.
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