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Chinese food ingredient specialist Huakang eyes $233m from Shanghai IPO

Chinese food ingredient specialist Huakang eyes $233m from Shanghai IPO
Shanghai, China. Source:
Ralf Leineweber/Unsplash
February 2, 2021
Zhejiang Huakang Pharmaceutical Co., Ltd, which specialises in the manufacture of polyols and starch sugar used in the food ingredient industry, has kicked off the subscription exercise for its initial public offering (IPO) in Shanghai looking to raise 1.5 billion yuan ($233 million).
The company, which filed its IPO prospectus on January 27, is offering 29.14 million common shares at 51.63 yuan ($7.99) apiece. The shares have been oversubscribed 8,688 times, as per a filing with the bourse.
Huakang plans to allocate the majority of the IPO proceeds to its pipeline programmes, including a technology centre, and green energy management systems. It expects to leverage the rest to refuel operating funds. ....

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Xylitol Gum Market Report 2020 Covid-19 Outbreak Industry Analysis And Research Outlook 2025

Xylitol Gum Market Report 2020 Covid-19 Outbreak Industry Analysis And Research Outlook 2025
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