A total of 459.29m new shares will be sold in a price range of HK$2.62 to HK$3.50, and the company plans to list on the Hong Kong Stock Exchange on 30 June.
Lhasa-based Tibet 5100 was founded in 2005. The company mainly targets institutional purchasers, including rail operators, commercial banks, airlines and government organisations.
Since 2007, it has had a strategic partnership with the Chinese Ministry of Railways to provide free 5100 Tibet Spring Water on high-speed trains around the country.
Tibet 5100 CEO Fu Lin said that Chinese demand for premium bottled mineral water has been growing rapidly, significantly outpacing the mass-market segment.
Source: China Daily
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