New Stock News: Dah Yuh Aquatic Beverages may be acquired by KKR, and the related transactions have been approved. It was previously rumored that the company planned to list in Hong Kong.

Wall Street private equity giant KKR has successfully entered the domestic beverage market. The official website of the Chongqing Market Supervision Administration shows that in the "List of Cases of Unconditionally Approved Concentration of Operators from June 30, 2025 to July 6, 2025," the case of KKR's acquisition of equity in Far East International Limited is listed. The case was concluded on July 4, 2025. The public announcement shows that KKR, through its newly established special purpose company DYNAM JAPANo Asia Holdings II Private Limited, indirectly acquired 85% of the equity in Far East International Limited. The target company is mainly engaged in the beverage business in China through its affiliated companies. The target company was established in the Cayman Islands in 2024. Prior to this transaction, the target company was fully owned and controlled by individuals. According to Xiaoshi Dai, further information obtained from the Cayman Islands Companies Registry shows that the director of Far East International is named "Wang, Qingdong," with the same pinyin spelling as Wang Qingdong, the founder and chairman of Dayao Soda. Earlier reports stated that KKR would acquire 85% of Dayao Beverages, with the founder potentially retaining a minority stake. According to the declaration documents of the above-mentioned case, the details match the rumors. It was also previously reported that Dayao Beverages plans to conduct a Hong Kong IPO as early as the second half of 2025, seeking to raise $500 million.