Chinese pork producer Huisheng targets HK IPO

Huisheng International aims to raise up to HK$246 million ($31.7 million) through a February listing in Hong Kong.

Pork producer Huisheng International aims to raise up to HK$246 million $31.7 million this month with an initial public offering of shares in Hong Kong.

The company, one of the largest pork suppliers in the south-central Hu’nan province of China, is targeting a February 27 listing date, with 120,000 shares on offer priced at between HK$1.45 and HK$2.05, according to a term sheet.

Huisheng's senior management started a one-week roadshow on February 14 and are meeting with Hong Kong institutional investors, a person close to the deal told FinanceAsia.

The estimated net proceeds if the offering prices in the...

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