MUYUAN Eyes Hong Kong IPO: $1.5 Billion Raise Targets February Launch

MUYUAN (002714.SZ) -0.220 (-0.465%) , already listed on the Shenzhen Stock Exchange and one of the world's largest hog farming and pork production companies, plans to list in Hong Kong as early as February, Bloomberg, citing sources, reported. The company is gauging investor appetite and may raise up to USD1.5 billion. Morgan Stanley, CITIC Securities, and Goldman Sachs are joint sponsors. Related NewsCICC: H-shrs Underperform A-shrs Recently on Lack of Structural Highlights & Temporarily Weak Capital The discussions are ongoing, with the size and timeline of the listing remain variable, sources divulged. Last week, MUYUAN had announced its preliminary results for last year, with net profit expected to range between RMB14.7 billion and RMB15.7 billion, representing a YoY decline of 12.2-17.8%. (A Shares quote is delayed for at least 15 mins.) AASTOCKS Financial News Website: www.aastocks.com