Business
Harvest Capital Congratulates Eastroc Beverage on Its Hong Kong Listing
Eastroc Beverage (09980.HK / 605499.SH), a portfolio company of Harvest Capital, today made its official debut on the Hong Kong Stock Exchange, becoming the first functional beverage company in China to be listed on both the A-share and H-share markets.Market capitalization exceeding HKD 140 billion.
About this update from Eastroc Beverage (group) Co. Ltd. Class A
[{"type":"text","content":"Asia's Largest Beverage IPO Marks the Dawn of a New A+H Global Era","length":70,"tagName":"p"},{"type":"text","content":"HONG KONG, Feb. 3, 2026 /PRNewswire/ -- Eastroc Beverage (09980.HK / 605499.SH), a portfolio company of Harvest Capital, today made its official debut on the Hong Kong Stock Exchange, becoming the first functional beverage company in China to be listed on both the A-share and H-share markets.Market capitalization exceeding HKD 140 billion.","length":341,"tagName":"p"},{"type":"text","content":"The offering raised approximately HKD 10.14 billion, with the Hong Kong public offering 57.46 times oversubscribed and the international tranche 15.60 times oversubscribed, setting a new fundraising record for the Asian beverage sector and marking the largest beverage IPO in Asia to date.","length":289,"tagName":"p"},{"type":"text","content":"As Eastroc Beverage's earliest — and at the time, sole — external institutional investor, Harvest Capital is proud to have accompanied the company throughout its journey. This milestone represents not only the success of a portfolio company, but also a validation of long-term conviction investing in consumer brands.","length":321,"tagName":"p"},{"type":"text","content":"From 1994 to No. 1: Building China's Leading Functional Beverage Brand","length":74,"tagName":"p"},{"type":"text","content":"Founded in 1994, Eastroc Beverage's trajectory mirrors the rise of China's homegrown consumer champions. Under the leadership of founder and Chairman Mr. Lin Muqin, the company transformed Eastroc Energy Drink into a household name through sharp market insight and relentless execution.","length":294,"tagName":"p"},{"type":"text","content":"Today, Eastroc Beverage is China's leading functional beverage company. In recent years, its revenue growth rate has ranked first among the world's top 20 listed soft drink companies, underscoring its exceptional momentum.","length":230,"tagName":"p"},{"type":"text","content":"With its iconic slogan — "When you're tired or sleepy, reach for Eastroc" — the brand has become a daily energy companion for long-haul drivers, delivery workers, and late-night office professionals across China, fueling the country's vast community of strivers.","length":280,"tagName":"p"},{"type":"text","content":"A Decade-Long Partnership...