Silver Base tests market for $100 million IPO

Hong Kong and mainland Chinese investors have already shown interest in the liquor distributor.

Chinese liquor distributor, Silver Base Group, started pre-marketing yesterday for a Hong Kong initial public offering that is expected to raise around $100 million, says a source. This is the second time that the company has tested the market last summer it looked into the possibility of a larger deal, only to pull out due to unenthusiastic investor sentiment.

The company is one of the largest distributors of Wuliangye, a famous brand of the Chinese distilled white liquor, baijiu. Silver...

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