The Hong Kong IPO prospectus filed by Muyuan Foods Co., Ltd. (002714.SZ) on May 27 has lapsed after six months as of November 27. Morgan Stanley, CITIC Securities, and Goldman Sachs served as joint sponsors during the initial filing.
According to the prospectus, Muyuan Foods is a global leader in hog farming, with an integrated industrial chain spanning breeding, hog farming, feed production, slaughtering, and meat processing. Data from Frost & Sullivan shows that since 2021, the company has ranked as the world's largest hog farming enterprise by production capacity and slaughter volume, maintaining the top position for four consecutive years.
By slaughter volume, Muyuan Foods' global market share grew from 2.6% in 2021 to 5.6% in 2024, surpassing the combined share of the second to fourth-largest market players that year.
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