INSIGHTS
Red Bull China’s Major Rival EASTROC Set for IPO Launch
BY Chris WangApr 27, 2020
EASTROC super drink currently ranks second in China’s energy drink market share. Energy drinks were the biggest contributor to EASTROC’s revenue, accounting for 96.19%, 94.99%, and 95.11% of the total revenue from 2017 to 2019. Although most local media have reported EASTROC IPO plans in an optimistic light, experts have remained skeptical.

According to China Securities Regulatory Commission (CSRC), EASTROC(东鹏) Beverage (Group) Co., Ltd. (hereinafter referred to as EASTROC) issued the Initial Public Offering Prospectus (Declaration Draft), which is planned to be listed with 1.49 billion yuan fundraising on the Shanghai Stock Exchange. Over half of the fundraising will be used for its production base construction in cities in South and West of China[1].

Please LOG IN or SIGN UP (FREE) to read the full content.
SIGN UP
Already a member?Log in here.
Copyright: unless otherwise stated all contents of this website are ©2024 - REACH24H Consulting Group - All Rights Reserved - For permission to use any content on this site, please contact cleditor@chemlinked.com
EDITOR'S PICK