Capital, Earnings & M&A
Nongfu Spring is like Meituan
Nongfu Spring, formerly known as Xin'anjiang Yangshengtang Drinking Water (renamed Zhejiang Qiandao Lake Yangshengtang Drinking Water Co., Ltd. in 1997), was founded in 1996 with a registered capital of 20 million yuan. In 2001, it was restructured and renamed Nongfu Spring Co., Ltd. with a share capital of 147 million. Typically, restructuring into a joint-stock company is a preliminary step for an A-share listing, but it wasn't until 2003 that Nongfu Spring was designated as a 'prospective listed company' by the Zhejiang Securities Regulatory Bureau. It was not until May 2008 that Nongfu Spring signed an A-share listing tutoring agreement with CITIC Securities.
Eastland