COFCO Meat completes $252m Hong Kong IPO
COFCO Meat, a subsidiary of Chinese agricultural conglomerate COFCO Group that received backing from four private equity firms in 2014, has raised HK$1.95 billion ($252 million) in its Hong Kong IPO, after pricing the offering at bottom of the indicative price range.
The company sold 975.6 million shares at HK$2 apiece, having initially targeted up to HK$2.65 per share, according to a filing. Three cornerstone investors - Brazilian meat processor BRF, domestic electronics...
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