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Muyuan Foods IPO Debuts Flat in Hong Kong
6 Feb
Summary
- Muyuan Foods raised HK$10.7 billion in its IPO.
- The company's shares will open at HK$39.
- Shenzhen Han's CNC Technology shares are expected higher.
Muyuan Foods, a prominent Chinese pig breeder, commenced trading on the Hong Kong Stock Exchange on Friday. The company successfully raised HK$10.7 billion, equivalent to $1.4 billion, marking the largest share sale in Hong Kong for the year. Its shares debuted at HK$39, matching the initial offer price.
In parallel, Shenzhen Han's CNC Technology, a specialist in printed circuit board equipment, also saw its shares set for a positive opening. These shares were anticipated to trade higher than their HK$95.80 offer price, opening at HK$106. The reporting for these financial events originated from Hong Kong and Singapore.
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