Market Chatter: Haitian Considering Up to $1.5 Billion Hong Kong IPO

MT Newswires Live10-17

Foshan Haitian Flavouring and Food (SHA:603288) is mulling a secondary listing in Hong Kong that could possibly take place in the first half of 2025, Bloomberg News reported Wednesday, citing sources familiar with the matter.

The condiment manufacturer is negotiating with advisers for an offering in Hong Kong that could raise up to $1.5 billion, the report said.

The size of the offering will be dependent on market conditions, Bloomberg said, citing the sources.

Shares closed 2% lower in Shanghai on Thursday.

Haitian did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (RMB): ¥42.24, Change: ¥-0.95, Percent Change: -2.20%

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