Jan. 30, 2007 (China Knowledge) – China’s Huiyuan Juice Holdings, the top maker of fruit juices in China, is forecasting a 106% jump in its net profit for 2006.

The company is expecting RMB 222 million in net profit, up from RMB 108 million in 2005.

Huiyuan is seeking to raise HK$2 billion from an initial share sale on the Hong Kong Stock Exchange in the fourth quarter of this year. The juice maker has nominated Morgan Stanley, UBS AG, and the international investment banking arm of the China Construction Bank Corp. CCB Capital to coordinate its proposed share sale in Hong Kong.

It will start the roadshows Feb. 5. The Hong Kong public offering will run from Feb. 8 to Feb. 13, with the share set to begin trading Feb. 23, sources said.

Sponsor UBS estimates Huiyuan's net profit will reach RMB 222 million and RMB 300 million in 2006 and 2007, respectively.