China’s biggest pig breeder, Muyuan Foods, is seeking to raise up to HK$10.68 billion ($1.37 billion) through a Hong Kong listing, according to an exchange filing on Thursday.
The company, already listed on China’s Shenzhen bourse, is offering 274 million shares at an offer price capped at HK$39 per H Share.
Final pricing is slated for February 5, with shares set to debut on the Hong Kong exchange the following day.
In April 2025, the firm had said it was pursuing a Hong Kong listing to deepen its globalisation strategy.
China, the world’s top pork consumer, continues to grapple with a pork glut as output surged after swine fever, while demand softened during a slowing economy, dragging prices lower and squeezing farmers’ margins.
Muyuan expects to report a consolidated net profit for fiscal 2025 at no less than 15.1 billion yuan, the filing showed.
Reuters
