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

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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy

2: Weekend Long Read: Tycoon’s Eight-Hour Escape Exposes Failings of a Model Chinese Prison

3: Chinese Ex-Employee of U.S. Hedge Fund Two Sigma Faces Fraud Charges

4: Intel Names New China Chief Amid Business Transition and Market Shifts

5: China Doubles Down on Policy Drive to Boost Service Spending

SPONSORED

OR