date:Sep 04, 2013
eptember. The company plans to use the proceeds from IPO to boost its dairy herd to 500,000 from the current 200,000.
In 2012, Liaoning Huishan announced plans to raise $800m to $1bn through an IPO and invited banks to submit proposals to handle the IPO on the Hong Kong Stock Exchange.
Headquartered in Liaoning province, Huishan Dairy produces milk from cows imported from Australia. The company owns 120,000 cows, grassland, cattle-feed processing facilities and dairy production bases.