Chinese food giant Bright Food Group is reportedly planning to list its Australian unit, Manassen Foods, this year.

According to Reuters, the IPO would be part of an overall strategy with the company targeting having around half of its assets listed by 2018, up from around 20% at present.

Bright did not respond to a request for comment.

It owns a number of overseas businesses, including Australia’s Mundella Foods and Weetabix in the UK. Last year, Bright said it would buy a 56% stake in Israeli food firm Israel’s Tnuva and a majority stake in Italy’s Salov.

Bright has four listed subsidiaries in China, including Bright Dairy, Shanghai Jinfeng Wine Co., Shanghai Haibo Co. and Shanghai Maling Aquarius Co.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData