Foshan Haitian Flavouring and Food (SHA:603288) submitted documents for its secondary listing in Hong Kong, according to a Monday disclosure to the city's bourse.
The condiment manufacturer, founded in 1955, plans to use the proceeds from its secondary listing for product development and process upgrades, production expansion and digitalization, brand marketing, market penetration, and overseas supply chain expansion, and for working capital.
Shares rose 2% in Shanghai during Tuesday's morning trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments