China’s dairy industry is about to see a third milk producer launch a share sale in Hong Kong to raise about $1bn amid what some have called China’s second dairy revolution.
Liaoning Huishan Dairy hopes to launch the pre-deal marketing work on its initial public offering on Monday, according to people familiar with its plans. It will put its application before the Hong Kong stock exchange’s listing committee tomorrow.
Chinese consumers drink less than half as much milk as their Asian peers on a per-capita basis, but demand is growing strongly.
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