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