China's largest pig breeder, Muyuan Foods, will this week headline the biggest initial public offering so far this year in Hong Kong, an operation in which
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China's largest pig breeder, Muyuan Foods, will headline this week the largest initial public offering so far this year in Hong Kong, an operation in which it hopes to raise around 10.69 billion Hong Kong dollars (1.369 billion dollars, 1.161 billion euros). In a statement sent this Wednesday to the stock exchange of the former British colony, the company confirms that the price of the nearly 274 million shares it will sell will be 39 Hong Kong dollars (4.99 dollars, 4.24 euros) per unit, the maximum that it had advanced in its prospectus for investors. Thus, Muyuan will barely surpass the Chinese energy drink producer Eastroc Beverage Group, which debuted this same week after selling 10.141 billion Hong Kong dollars (1.299 billion dollars, 1.102 billion euros) in shares, which already accumulate a rise of around 13% after a discreet debut. The debut of the pig farming company will take place on Friday, February 6. Muyuan will allocate the proceeds to diversify markets - ...