New Hope Dairy Files Hong Kong IPO Prospectus

MT Newswires Live

04/03

New Hope Dairy (SHE:002946) has submitted an application to launch a secondary listing on the main board of the Hong Kong Stock Exchange.

The Sichuan province-based dairy company filed the application on Thursday, listing JPMorgan and CITIC Securities (SHA:600030, HKG:6030) as joint sponsors.

Proceeds will be used to strengthen the company's brand, expand its sales network, upgrade and expand its supply chain infrastructure, and fund working capital and other general corporate purposes, according to its prospectus.

The proposed listing is subject to regulatory approvals in China and Hong Kong.

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