HONG KONG: Dairy firm Liaoning Huishan "appoints bankers" for IPO

By Michelle Russell | 6 November 2012

Chinese dairy giant Liaoning Huishan Holdings (Group) Co. has reportedly appointed three bankers to launch its IPO.

The company is hoping to raise between US$800m and $1bn through the initial public offering, according to the Wall Street Journal. Liaoning is understood to have appointed Deutsche Bank, HSBC Holdings and J.P. Morgan Chase & Co. as sponsors.

The IPO is expected to take place in second half of 2013, sources told the publication.

Founded in 1951, Liaoning Huishan received a $290m capital injection from a group of investors, including Hong Kong tycoon Cheng Yu-tung, in June last year, the publication said.

Sectors: Dairy, Emerging markets, Financials

View next/previous articles

Currently reading -

HONG KONG: Dairy firm Liaoning Huishan "appoints bankers" for IPO

There are currently no comments on this article

Be the first to comment on this article

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page