Its business may be shrinking, but that isn’t stopping China’s “Chicken King” from charging ahead with plans for a $300 million IPO.
That’s the word on the street, following a Bloomberg report late last month that Shanghai Zhengxin Food Group Co., China’s largest homegrown fried chicken chain, might soon join the pipeline of some 500 companies waiting to go public in Hong Kong. Although quickly denied by the company, the report included enough juicy details to keep the rumor mills churning about Zhengxin and founder Chen Chuanwu’s plans for the company.
In addition to the fundraising target, the Bloomberg report also said Zhengxin is working with domestic banking heavyweights Galaxy Securities and CICC as advisors for the deal.
您已阅读11%（735字），剩余89%（5688字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。