JeffTai
2021-06-07
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China Youran Dairy seeks $800 mln in Hong Kong IPO
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The company plans to sell 715.43 million shares, with an option to sell a further 107.3 million shares.</p><p>The deal includes just two cornerstone investors, Citic Prudential and Harvest Private Wealth, which have subscribed for a combined 6.94% of the shares on offer.</p><p>The small cornerstone stake is unusual for a Hong Kong IPO where those investors typically lock in a higher percentage to ensure they get shares in the deal if the IPO is oversubscribed.</p><p>CARsgen Therapeutics Holdings, which launched its Hong Kong IPO of up to $400 million on Monday, has cornerstone investors for a stake of up to 64%, according to its filings.</p><p>In its prospectus, China Youran said it would use 75% of the funds raised to build and buy new dairy farms, 15% to buy dairy cattle stock and the remainder for working capital.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Youran Dairy seeks $800 mln in Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Youran Dairy seeks $800 mln in Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-07 09:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 7 (Reuters) - China Youran Dairy Group is aiming to raise up to $800 million in its Hong Kong IPO by pricing its shares at between $HK6.98 to $HK8.66 each, according to regulatory filings on Monday.</p><p>The dairy company, backed by private equity group PAG, will finalise the share price on Thursday before listing on the Hong Kong Stock Exchange on June 18, the filings showed.</p><p>At the top of the range, the IPO will value China Youran at $4.2 billion. The company plans to sell 715.43 million shares, with an option to sell a further 107.3 million shares.</p><p>The deal includes just two cornerstone investors, Citic Prudential and Harvest Private Wealth, which have subscribed for a combined 6.94% of the shares on offer.</p><p>The small cornerstone stake is unusual for a Hong Kong IPO where those investors typically lock in a higher percentage to ensure they get shares in the deal if the IPO is oversubscribed.</p><p>CARsgen Therapeutics Holdings, which launched its Hong Kong IPO of up to $400 million on Monday, has cornerstone investors for a stake of up to 64%, according to its filings.</p><p>In its prospectus, China Youran said it would use 75% of the funds raised to build and buy new dairy farms, 15% to buy dairy cattle stock and the remainder for working capital.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09858":"优然牧业","HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141284336","content_text":"HONG KONG, June 7 (Reuters) - China Youran Dairy Group is aiming to raise up to $800 million in its Hong Kong IPO by pricing its shares at between $HK6.98 to $HK8.66 each, according to regulatory filings on Monday.The dairy company, backed by private equity group PAG, will finalise the share price on Thursday before listing on the Hong Kong Stock Exchange on June 18, the filings showed.At the top of the range, the IPO will value China Youran at $4.2 billion. The company plans to sell 715.43 million shares, with an option to sell a further 107.3 million shares.The deal includes just two cornerstone investors, Citic Prudential and Harvest Private Wealth, which have subscribed for a combined 6.94% of the shares on offer.The small cornerstone stake is unusual for a Hong Kong IPO where those investors typically lock in a higher percentage to ensure they get shares in the deal if the IPO is oversubscribed.CARsgen Therapeutics Holdings, which launched its Hong Kong IPO of up to $400 million on Monday, has cornerstone investors for a stake of up to 64%, according to its filings.In its prospectus, China Youran said it would use 75% of the funds raised to build and buy new dairy farms, 15% to buy dairy cattle stock and the remainder for working capital.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/115708779"}
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