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<IPO>MUYUAN Resubmits IPO Application, Reportedly Raising US$1B
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Chinese leading pork producer, MUYUAN (002714.SZ), resubmitted its listing application to the Stock Exchange, with Morgan Stanley, CITIC Securities and Goldman Sachs being its joint sponsors. Recent information from the China Securities Regulatory Commission (CSRC) shows that MUYUAN's overseas listing has been approved for filing, with plans to issue up to 546 million overseas-listed ordinary shares. Earlier this year, foreign media said that MUYUAN planned to raise at least US$1 billion (approx. $7.8 billion) through its Hong Kong IPO. AAStocks Financial News Website: www.aastocks.com |
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