Lead managers BNP Paribas Peregrine and Morgan Stanley are in the final stages of collecting pre-marketing feedback for the Hong Kong flotation of China's first dairy producer to list overseas (editor's note: this article was first published on Monday May 24). Meng Niu Dairy will offer 35% of its issued share capital as a result of the deal, which has a split of 75% primary shares and 25% secondary shares.