Feb. 22, 2007 (China Knowledge) – China Huiyuan Juice Group Ltd. <1886>, the largest maker of pure-fruit drinks in the nation, raised HK$2.4 billion from a Hong Kong initial public offering, the maximum amount sought, the company said.

Huiyuan, in which French food giant Danone has a strategic stake, sold the stock at HK$6 apiece, the top of the HK$4.80 to HK$6 range, after individual investors ordered about 938 times the shares initially offered to them. Huiyuan sold 400 million new shares, or a 26% stake.

A recent Sing Tao Daily report said that subscriptions for Huiyuan’s IPO are being tracked due to concerns raised by the Securities and Futures Commission. This is in connection with the Hong Kong police beginning investigations into alleged incidents of investors subscribing to H-share sales of Mainland companies in the second half of last year using multiple identities.

Huiyuan shares will debut trading in Hong Kong tomorrow.