:Chinese liquor company ZJLD Group is looking to raise up to HK$6.37 billion in a Hong Kong initial public offering , the largest in the financial centre this year, according to exchange filings on Monday.
At the top of the range, ZJLD would be valued at $5.4 billion. The final price will be set on Thursday, with shares due to start trading on April 27. ZJLD makes baijiu, a colourless distilled spirit popular across China. Baijiu is considered China's national liquor and is the world's most consumed liquor, according to ZJLD's prospectus.
KKR owns a 16.2 per cent stake in the company, which would fall to 13.8 per cent after the IPO, Hong Kong's largest since Chinese lithium battery maker CALB Group Co raised $1.3 billion in October.
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