{"id":84805,"date":"2026-01-26T17:30:44","date_gmt":"2026-01-26T09:30:44","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=84805"},"modified":"2026-01-26T17:30:45","modified_gmt":"2026-01-26T09:30:45","slug":"hong-kong-ipo-eastroc-beverage-group-co-ltd-9980-hk","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/hong-kong-ipo-eastroc-beverage-group-co-ltd-9980-hk\/","title":{"rendered":"HONG KONG IPO: Eastroc\u00a0Beverage (Group) Co., Ltd.\u00a0(9980\u00a0HK)"},"content":{"rendered":"\n
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IPO Watch<\/h2>\n\n\n\n

Eastroc\u00a0Beverage (Group) Co., Ltd.\u00a0(9980\u00a0HK)\u00a0<\/strong>\u00a0<\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n

Basic Information<\/strong>\u00a0<\/td><\/tr>
Market\u00a0\u00a0<\/td>Main board\u00a0<\/td><\/tr>
Industry\u00a0<\/td>Beverage\u00a0<\/td><\/tr>
Board Lots\u00a0<\/td>100\u00a0<\/td><\/tr>
Listing Type\u00a0<\/td>Secondary\u00a0listing\u00a0\u00a0<\/td><\/tr>
Global Offering<\/strong>\u00a0<\/td><\/tr>
Offer Price\u00a0<\/td>HK$248\u00a0<\/td><\/tr>
Initial Market Cap\u00a0<\/td>HK$166,393mn\u00a0<\/td><\/tr>
Total\u00a0Number of\u00a0Offer\u00a0Shares\u00a0<\/td>40,889,900\u00a0<\/td><\/tr>
Number of International Offer Shares\u00a0<\/td>36,800,900\u00a0<\/td><\/tr>
Number of HK Offer Share\u00a0<\/td>4,089,000\u00a0<\/td><\/tr>
Sponsors\u00a0<\/td>Huatai International, Morgan Stanley, UBS\u00a0<\/td><\/tr>
Company Background<\/strong>\u00a0<\/td><\/tr>
The\u00a0company\u00a0is the\u00a0largest functional beverage company in China, with the fastest revenue growth\u00a0among the world\u2019s top 20 listed soft beverage companies.\u00a0According to Frost & Sullivan,\u00a0it has\u00a0been the largest functional\u00a0beverage\u00a0company\u00a0in China in terms of sales volume for four\u00a0consecutive years since 2021, with\u00a0its\u00a0market share increasing from 15.0% in 2021 to 26.3% in\u00a02024. The company was the\u00a0second-largest functional beverage company in terms of retail sales in 2024, with a\u00a0market share of 23.0%.\u00a0Eastroc\u00a0Beverage\u2019s A-shares (Shanghai: 605499) closed at RMB 253.36 last Friday (23rd), while the latest offering price for\u00a0Eastroc\u00a0Beverage\u2019s H-shares\u00a0represents\u00a0a 12.5% \u200b\u200bdiscount compared to the A-shares.\u00a0<\/td><\/tr>
Financials<\/strong>\u00a0<\/td><\/tr>
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Subscription Table<\/strong>\u00a0<\/td><\/tr>
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Time Table<\/strong>\u00a0<\/td><\/tr>
IPO deadline:\u00a029-Jan-2026
Results allotment date:\u00a02-Feb-2026
Check refund date:\u202f2-Feb-2026
Listing date:\u00a03-Feb-2026\u00a0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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IPO Watch Eastroc\u00a0Beverage (Group) Co., Ltd.\u00a0(9980\u00a0HK)\u00a0\u00a0 Basic Information\u00a0 Market\u00a0\u00a0 Main board\u00a0 Industry\u00a0 Beverage\u00a0 Board Lots\u00a0 100\u00a0 Listing Type\u00a0 Secondary\u00a0listing\u00a0\u00a0 Global Offering\u00a0 Offer Price\u00a0 HK$248\u00a0 Initial Market Cap\u00a0 HK$166,393mn\u00a0 Total\u00a0Number of\u00a0Offer\u00a0Shares\u00a0 40,889,900\u00a0 Number of International Offer Shares\u00a0 36,800,900\u00a0 Number of HK Offer Share\u00a0 4,089,000\u00a0 Sponsors\u00a0 Huatai International, Morgan Stanley, UBS\u00a0 Company Background\u00a0 The\u00a0company\u00a0is the\u00a0largest functional beverage […]<\/p>\n","protected":false},"author":17,"featured_media":84806,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-84805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-reports"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo.png?wsr",388,63,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo-150x63.png?wsr",150,63,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo-300x49.png?wsr",300,49,true],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo.png?wsr",388,63,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo.png?wsr",388,63,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo.png?wsr",388,63,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/01\/Eastroc-Beverage-Group-Co.-Ltd.-9980-HK-Logo.png?wsr",388,63,false]},"uagb_author_info":{"display_name":"Enya Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"IPO Watch Eastroc\u00a0Beverage (Group) Co., Ltd.\u00a0(9980\u00a0HK)\u00a0\u00a0 Basic Information\u00a0 Market\u00a0\u00a0 Main board\u00a0 Industry\u00a0 Beverage\u00a0 Board Lots\u00a0 100\u00a0 Listing Type\u00a0 Secondary\u00a0listing\u00a0\u00a0 Global Offering\u00a0 Offer Price\u00a0 HK$248\u00a0 Initial Market Cap\u00a0 HK$166,393mn\u00a0 Total\u00a0Number of\u00a0Offer\u00a0Shares\u00a0 40,889,900\u00a0 Number of International Offer Shares\u00a0 36,800,900\u00a0 Number of HK Offer Share\u00a0 4,089,000\u00a0 Sponsors\u00a0 Huatai International, Morgan Stanley, UBS\u00a0 Company Background\u00a0 The\u00a0company\u00a0is the\u00a0largest functional beverage…","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/84805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=84805"}],"version-history":[{"count":2,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/84805\/revisions"}],"predecessor-version":[{"id":84914,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/84805\/revisions\/84914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/84806"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=84805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=84805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=84805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}