Muyuan Foods courts cornerstone investors for Hong Kong listing
Muyuan Foods is seeking cornerstone investors for its upcoming Hong Kong listing, with Thailand’s Charoen Pokphand Group expected to participate. The listing could raise approximately US$1.5 billion, with other potential investors including Fidelity International and UBS. Despite China's sluggish consumer demand, Muyuan, a major pig breeder, is moving forward with its share sale, joining other companies like Eastroc Beverage Group. Hong Kong is on track for record proceeds from January listings, with over 350 companies awaiting share sales.
