YuanShengTai Dairy Farm , China's fourth biggest raw milk producer, is set to raise about $425 million after pricing its Hong Kong Hong Kong IPO below the mid-point of a marketing range.The company, also known as YST Dairy, was the second Chinese dairy producer to tap Hong Kong's stock market for funds in the past two months, benefiting from China's booming demand for milk and other dairy products. In September, China Huishan Dairy Holdings Ltd raised $1.5 billion from its Hong Kong listing.YST Dairy priced the IPO at HK$2.70 per share, compared with the indicative range of HK$2.49-HK$3.18, IFR, a Thomson Reuters publication, reported.The company offered 1.22 billion shares in the IPO, putting the deal value at HK$3.29 billion ($425 million).
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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