China Soy Sauce Maker Rises on Hong Kong Debut
7 Articles
7 Articles


China soy sauce maker rises on Hong Kong debut
HONG KONG: Shares in China's top soy sauce maker Foshan Haitian ended slightly higher on its debut on Thursday (Jun 19) after raising US$1.3 billion in one of Hong Kong's biggest initial public offerings (IPO) this year. The listing came weeks after
Foshan Haitian Flavoring & Food Co., Ltd. (Haitian Flavoring & Food) was listed on the Main Board of the Hong Kong Stock Exchange on June 19. On the first day of listing, the price of Haitian Flavoring & Food's H shares once fell below the issue price.
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Clifford Chance advises Foshan Haitian Flavouring and Food Company on its US$1.29 billion IPO and listing in Hong Kong
Global law firm Clifford Chance has advised Foshan Haitian Flavouring and Food Company (Haitian) on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. The listing raised approximately US$1.29 billion. Haitian, which is also listed on the Shanghai Stock Exchange, is the largest producer of condiments in China. Chair of China Practice and partner Tim Wang said, “This transaction reflects our strong leadershi…
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