date:Sep 04, 2013
China-based Huishan Dairy has been approved by the Hong Kong Stock Exchange to raise $1bn through initial public offering (IPO) to increase the size of cattle herd and boost production.
The company will start pre-deal marketing work on its IPO this week and start taking orders from 10 September, according to sources familiar with the matter.
Deutsche Bank, Goldman Sachs and UBS have been appointed to lead the IPO.
Huishan expects to price the deal on 19 September and list in Hong Kong on 26 S