This article only represents the author's own views.
Restaurant brands have become the new flavor of the day on the Hong Kong Stock Exchange as China kicks off the Year of the Snake. A close cousin of the group is the beverage sector, whose popular soda maker Inner Mongolia Dayao Beverage Co. Ltd. was also reportedly planning a Hong Kong IPO, even though the company denied the talk.
The source of the fizz was a Bloomberg report saying Dayao was working with advisers on a deal to raise as much as $500 million in Hong Kong as soon as the second half of the year. In its denial, Dayao said it was focusing on its operations and development and that it wasn’t considering a listing.
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