Huishan Dairy kicks off IPO of up to $1.3b

The Chinese milk producer has the support of three cornerstone investors and people close to the situation say the deal was covered on day one.
Huishan Dairy will be a test of investor appetite after the secondary market correction in June and the summer-related slow-down in capital markets activity in August.
Huishan Dairy will be a test of investor appetite after the secondary market correction in June and the summer-related slow-down in capital markets activity in August.
September 11, 2013

China Huishan Dairy Holdings, a vertically integrated Chinese milk producer, on Tuesday launched the institutional bookbuilding for its initial public offering of between HK$8.64 billion and HK$10.11 billion ($1.11 billion to $1.30 billion).

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