Tsingtao Placement
Fosun aims to raise around US$527m via selling a 3.5% stake in Tsingtao.This is not the first selldown by Fosun:
We covered the Dec 2021 selldown in Tsingtao Placement - Has sold before. Will sell again.
The Apr 21 selldown in Tsingtao Brewery Placement - Fosun Is Back Again, Settling into a Pattern
We covered the Dec 2020 selldown in Tsingtao Brewery Placement - Friday Evening Is Always a Good Time for a Beer, Maybe Not This One.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
Tsingtao Brewery is engaged in the production, sale and distribution of beer products, and domestic trade of beer. Through its subsidiaries, Co. is also engaged in investment holding; the manufacture and domestic trade of beverage and malt; pre-packaged of food operation; provision of accommodation and design services; indoor decoration; industrial equipment fixing; and import and export trade of beer.
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
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