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<IPO>MUYUAN (002714.SZ) Reportedly Plans to List in HK as Early as Feb to Raise USD1.5B, Gauging Investor Appetite
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MUYUAN (002714.SZ), already listed on the Shenzhen Stock Exchange and one of the world's largest hog farming and pork production companies, plans to list in Hong Kong as early as February, Bloomberg, citing sources, reported. The company is gauging investor appetite and may raise up to USD1.5 billion. Morgan Stanley, CITIC Securities, and Goldman Sachs are joint sponsors. The discussions are ongoing, with the size and timeline of the listing remain variable, sources divulged. Last week, MUYUAN had announced its preliminary results for last year, with net profit expected to range between RMB14.7 billion and RMB15.7 billion, representing a YoY decline of 12.2-17.8%. AASTOCKS Financial News Website: www.aastocks.com |
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