MBMC Breaking News: Muyuan Foods Co., Ltd. has reportedly appointed Citic Securities, Goldman Sachs and Morgan Stanley to handle its Hong Kong listing affairs.
Bloomberg quoted people familiar with the matter as saying that Muyuan Foods (002714.SZ), a pig farming and pork producer, has hired CITIC Securities, Goldman Sachs and Morgan Stanley to oversee its Hong Kong listing matters this year.
The people familiar with the matter noted that relevant considerations are still underway, and details such as the fundraising size and timing may change.
According to a Bloomberg report in March, Muyuan Foods planned to raise at least $1 billion through a Hong Kong IPO.
Founded in 1992, Muyuan Foods has built a complete pork industry chain integrating feed processing, pig breeding, pig farming and slaughtering and processing. In 2024, its annual operating revenue reached 137.947 billion yuan (the same below refers to RMB), a year-on-year increase of 24.43%; its attributable net profit to shareholders was 17.881 billion yuan, turning from a loss to a profit compared with the previous year. Muyuan Foods was listed on the Shenzhen Stock Exchange on January 28, 2014. As of the recent midday close, its total market value was approximately 214.414 billion yuan.
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