华润饮料（控股）有限公司（华润饮料）已于4月22日向香港联合交易所递交上市申请。自2022年以来，华润饮料几度被传筹备推动华润饮料赴港上市，据彭博报道，该项目募资规模或达 10 亿美元。

中伦律师事务所、普衡律师事务所担任联席保荐人的法律顾问；竞天公诚律师事务所、高伟绅律师事务所则为发行人提供法律咨询。

华润饮料是中国最早专业化生产包装饮用水的企业之一，其前身为蛇口龙环。1992年，“怡宝”和“C’estbon”商标由香港招商局发展有限公司转让予蛇口龙环；1996年，华润饮料与蛇口供水合作运营怡宝中国，并承接蛇口龙环的业务；1999年，怡宝中国成为华润饮料的全资子公司。

招股书显示，按2023年零售额计，华润饮料为中国第二大包装饮用水企业，零售额达到396亿元，紧跟市占率第一的农夫山泉。

高伟绅团队由中国业务主席王彦峰、合伙人李婉雯、方刘、廖宇飞领导。

普衡团队由香港办事处合伙人、大中华区创始合伙人、主席李曙峰牵头。

China Resources Beverage to list in Hong Kong

China Resources Beverage (CR Beverage), a soft drinks unit of state-owned enterprise China Resources Holdings Company, submitted its listing application on the Hong Kong Stock Exchange (HKEX) on April 22nd.

CR Beverages has been rumoured several times to be preparing to push for a listing of CR Beverages in Hong Kong. According to Bloomberg, this project might raise $1 billion.

Paul Hastings, Zhong Lun Law Firm served as legal advisors to the joint sponsors, while Clifford Chance, Jingtian & Gongcheng provided legal services to the issuer.

CR Beverage is one of the earliest enterprises in China to specialise in producing packaged drinking water, formerly known as Shekou Longhuan.

The trademarks “怡宝” and “C'estbon” were transferred to Shekou Longhuan by Hong Kong China Merchants Development Co. in 1992; CR Beverage cooperated with Shekou Water Supply Company to operate C'eastbon and undertook the business of Shekou Longhuan in 1996; In 1999, C'eastbon became a wholly-owned subsidiary of CR Beverage.

According to the prospectus, CR Beverage is China's second-largest packaged drinking water company in terms of retail sales in 2023, with a volume of RMB 39.6 billion, following Nongfu Spring.

The CC team was led by partners Tim Wang, Virginia Lee, Liu Fang, and Liao Yufei.

The Paul Hastings was led by partner Raymond Li.