YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, priced its $425 million Hong Kong IPO near the low end of expectations, leaving some room for gains in its debut, sources familiar with the deal said on Thursday.The IPO was the second in Hong Kong in two months from a dairy company and comes amid a surge in capital markets activity in the dairy industry in Greater China, with $4.6 billion of mergers and acquisitions and equity deals in 2013.The year is shaping up to be the busiest ever for both M&A and equity issuance in the Asia ex-Japan region, according to Thomson Reuters data, as investors bet on booming demand in China.Huishan Dairy, the country's second-biggest raw milk producer, raised $1.5 billion in an IPO in September, with other large transactions including China Mengniu Dairy Co's $1.6 billion takeover of Yashili International Holdings Ltd in June.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.03% or $0.01/share to $38.02. In the past year, the shares have traded as low as $26.71 and as high as $38.73. On average, 870032 shares of TRI exchange hands on a given day and today's volume is recorded at 575737.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.08% or $-0.03/share to $39.73. In the past year, the shares have traded as low as $26.65 and as high as $40.61. On average, 925067 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 878436.
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