Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP
Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP
IPO

Will Chinese bottled water giant Nongfu Spring’s Hong Kong IPO lead to more success for its low profile billionaire founder?

  • Nongfu Spring is seeking up to US$1 billion in a Hong Kong initial public offering
  • Zhong Shanshan, 65, holds 87 per cent of the company and is currently the 29th wealthiest person in China

Topic |   IPO
Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP
Nongfu Spring will sell 388.23 million shares, which represent 3.5 per cent of its outstanding share capital. Photo: AFP
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