2 days ago
- Business
- Wall Street Journal
Foshan Haitian Seeking to Raise Over $1 Billion in IPO
Foshan Haitian Flavouring & Food 603288 0.48%increase; green up pointing triangle has begun accepting orders from investors for a listing that could raise more than US$1 billion, joining an expanding list of Chinese companies entering the Hong Kong public market.
The Shanghai-listed company, which produces sauces and condiments, set price guidance for the offering at 35.00 Hong Kong dollars to HK$36.30 a share. It plans to sell 263.24 million shares, which could raise up to HK$9.56 billion, equivalent to US$1.22 billion, according to a filing on Wednesday.
