Health drink company pumped up for listing

The Standard 29 May 2013
Tiandi Yihao Beverage Co is expected to raise as much as HK$1.8 billion through an initial public offering in Hong Kong to fund capacity expansion.
The Guangdong-based firm is the mainland’s largest maker of apple vinegar – a sweet and sour health drink – with about a 10 percent market share. Sales are expected to have reached 1 billion yuan (HK$1.27 billion) last year.
Tiandi plans to use the IPO proceeds to expand annual capacity to 222,500 tonnes.
Last year, investment firm Shenzhen Capital Group and yuan-denominated private equity firm China Science and Merchants Capital Management together put 240 million yuan into the company as strategic investors.
Read more…