Chinese group Zhouheiya Food Co. is reportedly set to list in Hong Kong.
The Wall Street Journal, citing unnamed sources, said Zhouheiya was expected to file for a listing in a matter of weeks. The company is looking to raise up to US$500m, the newspaper added.
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Zhouheiya, based in Wuhan, the capital of China’s central Hubei province, is a manufacturer and fast-food operator.
Investors in Zhouheiya include China-based private-equity firm Tiantu Capital, which backed the business in November 2010.
There were also reports last year Zhouheiya was looking at an IPO.
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It makes products made from duck and goose meat, including meat snacks, which are available through Chinese e-commerce sites including JD.com.
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By GlobalDataAccording to China Daily, Zhouheiya has 400 outlets across China.
The business was founded in 2006. As of 2015, Zhouheiya employed more than 3,000 staff.
The most recent China-based business to list in Hong Kong was Dali Foods Group. Trading in the shares in Dali Foods Group started in November.
