Anjoy Foods Prices Hong Kong IPO Below Target

MT Newswires Live

07/01

Anjoy Foods Group (HKG:2648, SHA:603345) priced its Hong Kong initial public offering at HK$60 per share, lower than its maximum target of HK$66 per share, according to a Tuesday filing.

The IPO pricing would enable Anjoy Foods to raise HK$2.39 billion in gross proceeds, down from its initial target of HK$2.64 billion.

The Chinese quick-frozen food company intends to disclose the allocation results of its secondary listing on Thursday and begin trading on the Hong Kong bourse on Friday, July 4.

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