PE-backed China Shengmu Organic Milk launches $169m HK IPO
China Shengmu Organic Milk, an organic dairy maker backed by several PE investors, is targeting HK$1.31 billion ($169 million) through an IPO in Hong Kong.
The Chinese milk producer is offering 444.8 million shares in an indicative price range of HK$2.39-2.95 apiece, according to a regulatory filing. It has secured Bao Hua Investment, which is owned by...
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