Chinese energy drink manufacturer Eastroc Beverage Group Co. has raised HK$10.1 billion ($1.3 billion) through a share sale in Hong Kong. This is reported in the Eastroc press release.
Eastroc sold 40.9 million shares at HK$248 per share at the upper end of the range, but 12% below the closing price on January 31, 2026. At the same time, Eastroc's market capitalization is estimated at $21 billion.
Eastroc plans to use the proceeds from the share placement to increase production and modernize the supply chain, expand operations at home and abroad, attract potential investments and assets, and create its own brand.
Huatai Securities Co., Morgan Stanley and UBS Group AG are acting as joint sponsors in the Eastroc share offering. According to analysts, the Hong Kong market will grow significantly in 2026, taking into account revenue from new offerings and increased activity in the AI sector in January.
Eastroc Beverage (Group) Co., Ltd. is a Chinese manufacturer of energy, sports and other soft drinks. The headquarters is located in Shenzhen (China).
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