Home / Business / Companies

Chinese dairy company to apply for Hong Kong IPO

By Liu Ce in Shenyang | | Updated: 2013-08-29 08:40

Huishan Dairy Holdings Co Ltd is set to launch an initial public offering in Hong Kong to raise about $1 billion, the Financial Times reported on Tuesday.

Headquartered in Shenyang, Liaoning province, Huishan hopes to launch pre-IPO marketing work on Monday. It will submit its application before the Hong Kong Stock Exchange's listing committee on Thursday.

Huishan is the largest producer of milk in northeastern China. It's a fully integrated dairy company that produces and markets a variety of products. Swiss group Hero bought a stake in Huishan in 2011 after their previous joint venture to make and market infant milk formula.

The company has an 110,000-strong dairy herd and about 1 million acres of grassland in Liaoning province. It aims to have 500,000 cows after the IPO.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349