Huiyuan Juice, China's largest pure fruit-juice maker by market share, raised US$307.2 million from its Hong Kong initial public offering, the Wall Street Journal reported. The Shandong-based company surpassed the US$152 million raised by Chinese printed-circuit-board maker Meadville Holdings in January to become the biggest offering in Hong Kong yet this year. Huiyuan Juice has sold 400 million shares at US$0.77 each and is expected to debut on the Hong Kong Stock Exchange on Feb. 23. China's fruit-juice consumption is expected to grow an annualized 12% over the next five years. With a 25% market share, fruit juice is the second-largest soft-drink market in China after carbonated drinks.
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