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Guangzhou Zhujiang to Raise Up to 1 Billion Yuan in Shenzhen IPO
User Post
11:13 am May 24, 2010
admin
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posts 215
May 24 (Bloomberg) — Guangzhou Zhujiang Brewery
Co. plans to raise as much as 1 billion yuan ($146 million) in an
initial public offering of 70 million shares in Shenzhen.
Anheuser-Busch InBev NV owns 24 percent of
Guangzhou Zhujiang, according to a statement from the Chinese beermaker
to the Shenzhen exchange.
The China Securities Regulatory Commission will
review the company’s application to list on May 26, the securities
regulator said in a separate statement on its website.
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