CHINA: Winery shareprice gains on first day
Loulan Holdings, the Chinese winemaker, saw its share price open at HK$0.52 in their market debut today. The price compares to an initial public offering price of HK$0.50 each. The company will earn HK$38.5m (US$4.9m) from the float, which it will use for acquisitions of distributors and more wineries and open sales offices, marketing, equipment installation, and general working capital.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- The European beer market - Focus
- Trump, local spirits and the IR role - The Analyst
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Diageo, Nolets unveil latest Ketel One campaign