Beef Processor Kilcoy Files for US IPO Showing Rising Profit
Kilcoy Global Foods Ltd. filed early Monday for an initial public offering in the US, to capitalize on the fast-growing appetites of both US and Asian consumers for prepared protein-based foods.
The processor of meats and seafood, along with some of its shareholders, plan to sell American depositary receipts according to a US Securities and Exchange Commission filing. Kilcoy traces its roots to Australia in 1953 and was acquired in 2013 by a fund affiliated with Chinese agriculture giant New Hope Group.
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