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<IPO>MUYUAN (002714.SZ) Reportedly Plans HK IPO This Yr, Hires CITIC SEC, G Sachs, M Stanley for Work
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Chinese hog farming and pork producer MUYUAN (002714.SZ) is planning a Hong Kong IPO this year, having hired CITIC SEC (06030.HK), Goldman Sachs and Morgan Stanley for the preparatory work, Bloomberg reported, citing sources. Earlier reports had suggested the company aims to raise at least USD1 billion. Discussions are reportedly underway, with the fundraising size and timeline still subject to changes. MUYUAN, founded in 1992, was listed on the Shenzhen Stock Exchange in 2014. Its stock price has risen by 2% YTD, with a market cap of approximately RMB241 billion. Its Hong Kong-listed peer, blue-chip WH GROUP (00288.HK), has a market cap of about HKD85.7 billion as of today's (16th) closing price. AASTOCKS Financial News Website: www.aastocks.com |
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