The IPO period for the mainland seasoning company Foshan Haitian Flavouring and Food (03288.HK) ended today (the 16th) at noon. According to brokerage data, by about 11 a.m. this morning, 18 brokers had collectively lent nearly 399.3 billion yuan in margin, and with the public offering portion raising 0.573 billion yuan, the margin oversubscription increased to 695.5 times.
According to IFR citing informed sources, Foshan Haitian Flavouring and Food will set the price at 36.3 yuan per share, which is at the upper limit of the offering price range of 35 to 36.3 yuan. Foshan Haitian Flavouring and Food is scheduled to be listed on the Main Board of the Hong Kong Stock Exchange this Thursday (the 19th), with Morgan Stanley, CICC, and Goldman Sachs serving as joint sponsors.
