PE-backed ZhongDi Dairy targets $65m Hong Kong IPO
China ZhongDi Dairy Holdings, a private equity-backed dairy farm operator that supplies raw milk to leading brands such as Mengniu Dairy and Yili Group, is targeting a Hong Kong IPO of up to HK$508.4 million ($65.6 million).
The company will sell approximately 391.1 million shares for as much as HK$1.30 apiece, according to a filing. CITIC Capital and Vertex Investment, which have stakes of 7.61% and 1.63%, respectively, will...
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