Infant milk formula manufacturer China Feihe is poised to give the Hong Kong stock exchange another boost following the revival of two billion-dollar flotations earlier this year, assuming it completes an initial public offering of up to HK$8.9 billion $1.1 billion next week.
Beijing-based China Feihe, which claims to be the country’s largest infant milk formula seller, is set to start retail bookbuilding for its 893.3 million-share deal on Wednesday. It will accept orders within the HK$7.5 to HK$10 indicative price range, the company announced on Tuesday.
China Feihe’s upcoming flotation will follow the likes of Budweiser APAC and ESR Cayman, which both...
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