China Resources Beverage, the parent company of C'estbon, was approved to list on the Hong Kong Stock Exchange. Purchased Krones/KHS filling line with conveyor system and handle applicator.

China Resources Beverage's initial public offering (IPO) was approved by the Hong Kong Stock Exchange and could raise as much as $1 billion, according to people familiar with the matter. The pre-roadshow may start as early as the end of August, and the timetable has not been finalized, the report said.

According to the Hong Kong Stock Exchange, on April 22, China Resources Beverage submitted an application for listing, jointly sponsored by Bank of America Securities, Bank of China International, Citic Securities and UBS Group.

The main business of China Resources Beverage includes the production and sales of multiple brands of packaged drinking water, tea drinks and fruit juice drinks, among which "C'estbon" is its core brand. The products are sold through more than 1000 dealers across the country, covering more than 2 million retail outlets, especially in Guangdong, Hunan, Sichuan and other six provinces, occupying the leading position in the packaged drinking water market. In factories of Wuxi, Chengdu, Changsha, Nanning, Heyuan, Wuyishan, Wenzhou, China Resources Beverage  purchased 16 sets of 81000bph KHS/Krones water production lines and Cxi bottle conveyor system, case conveyor system，pallet conveyor system，handle applicator.

China's soft drink market is huge, growing from 722.3 billion yuan in 2018 to 909.2 billion yuan in 2023, and is expected to grow at a compound annual growth rate of 5. 8% to 1. 2 trillion yuan in 2028.

China Resources Beverage ranked fifth in China's ready-to-drink soft drink market with a market share of 4. 7% and second in the packaged drinking water market with a market share of 18.4%, and first in the market with a market share of 32.7%.

China Resources Beverage recently released the China Resources Beverage 2023 Sustainability Report (hereinafter referred to as the "Report"). According to the report, in 2023, the total assets of China Resources beverage increased by about 22.6% year-on-year to 13.02 billion yuan (the same below), and the total profit increased by about 36.6% year-on-year to 1.878 billion yuan.

In 2023, China Resources Beverage sold more than 14.6 billion bottles of Yibao brand aquatic products, with revenue of 13.515 billion yuan and net profit of 1.331 billion yuan, up about 7. 1% and 34.7% year on year.