China bottled water giant Nongfu Spring prepares for $1b HK IPO

China bottled water giant Nongfu Spring prepares for $1b HK IPO

An unbranded bottle of water. Photo: Steve Johnson

Nongfu Spring Co., one of China’s biggest bottled water and beverage companies, is planning an initial public offering in Hong Kong that could raise at least $1 billion, people familiar with the matter said.

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