US$ 448 million IPO for Chinese dairy farming company
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clpstaff &clp articlesChina Modern Dairy Holdings has raised US$448 million through its initial public offering and listing on the Hong Kong Stock Exchange. The issuer is the…
China Modern Dairy Holdings has raised US$448 million through its initial public offering and listing on the Hong Kong Stock Exchange. The issuer is the largest dairy farming company in terms of herd size and the largest raw milk producer in China.
Joint international lead managers of the transaction include Citigroup Global Markets Asia, UBS, KKR Capital Markets and Deutsche Bank. The sole global coordinator and sponsor was Macquarie Capital Securities, and the joint bookrunners were Macquarie and CCB International Capital.
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