Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 4, 2015

Liwayway “plans Hong Kong listing”

Snack maker Liwayway Holdings Co. is reportedly planning to list on the Hong Kong stock exchange, in an initial public offering that could raise as much as US$200m.

Snack maker Liwayway Holdings Co. is reportedly planning to list on the Hong Kong stock exchange, in an initial public offering that could raise as much as US$200m.

According to a report by Bloomberg citing people with knowledge of the matter, the Oishi owner has hired banks for a share sale next year. It has not yet filed a listing application with the stock market, sources added,

Liwayway sells more than 100 snack and confectionery lines in China. It has plants in Chinese cities including Harbin, Suzhou and Kumming, as well as manufacturing bases in Thailand and Indonesia. The business is owned by Filipino-Chinese businessman Carlos Chan.

In September last year, Chinese biscuit firm Jiashili listed on the Hong Kong stock market after raising HK$370m (US$48m). Advising law firm Eversheds said the public offering had been over-subscribed by approximately 28 times.

Related Companies

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Cutting-edge innovation in fish packaging
Food fraud in the supply chain (and how to fix it)

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU