Jan 30 (Reuters) - Energy drink maker Eastroc Beverage said on Friday it has determined to price its Hong Kong listing at the top of its offer range, aiming to raise a total of HK$10.14 billion ($1.30 billion) from the share sale.
The firm has offered 40.9 million H shares for the listing, putting the offer price at HK$248 apiece.
Eastroc expects to announce the final offer price and the results of allocations on February 2. The shares will make their debut on the Hong Kong bourse on February 3, according to the company's regulatory filing.
Founded in Shenzhen in 1994, Eastroc manufactures and distributes beverages in China and has since 2023 exported its products to overseas markets, including some countries in Southeast Asia, such as Vietnam and Malaysia.
Eastroc's offering would extend Hong Kong's listing activity, alongside companies such as Busy Ming, which surged 69% in its Hong Kong debut on January 28.
Cornerstone investors for Eastroc include Qatar Investment Authority, Temasek Holdings, True Light Capital, BlackRock, Tencent, HongShan Capital, according to the firm's previous filings.
($1 = 7.8079 Hong Kong dollars)
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Shailesh Kuber)
