Guifaxiang Fried Dough Twists cooks up offering

Tianjin Guifaxiang, one of China's time-honored brands based in Tianjin, plans to make its debut on the Shenzhen Stock Exchange, according to an announcement by the China Securities Regulatory Commission.

Founded in 1927, Guifaxiang would become the first publicly listed maker of such products in China if its plan wins approval.

The food manufacturer netted more than 96 percent of its sales from the Tianjin market from 2011 to 2013. It plans to raise 570 million yuan ($92 million) through its initial public offering, according to its prospectus.