According to a report by Bloomberg, Muyuan Foods (002714.SZ), one of the world's largest pig breeding and pork production companies, is considering a secondary listing in Hong Kong to raise at least 1 billion USD. The company is seeking to hire Banks, with the goal of going public as early as this year.

Founded in 1992, Muyuan was listed on the Shenzhen Stock Exchange in 2014. The company's stock price has fallen approximately 3% this year, with a Market Cap of about 204 billion yuan (approximately 218 billion HKD). Its Hong Kong-listed peer, Blue Chip WH GROUP (00288.HK), has a latest Market Cap of about 88.657 billion HKD. WH GROUP will announce its annual results on March 25.