date:Nov 25, 2013
Chinese producer YuanShengTai Dairy Farm (YST) has raised $425m through initial public offering (IPO) in Hong Kong.
Headquartered in Qiqihar, China, YST produces and sells premium raw milk to dairy products manufacturers, including China Mengniu Dairy, Inner Mongolia Yili Industrial and Bright Dairy Food.
The company offered 1.22 billion shares in the IPO with pricing each share at HK$2.70, according to sources familiar with the matter.
Credit Suisse and Macquarie Group acted as joint globa