Junlebao Dairy Weighs Dual Listing in China, Hong Kong
- Dairy company backers include Ping An Capital, Primavera
- China Mengniu sold majority stake in 2019 for $574 million
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Junlebao Dairy Co. is weighing a dual listing in mainland China and Hong Kong, according to people familiar with the matter.
The dairy product maker based in China’s Hebei province could seek at least $700 million in a Hong Kong share sale, one of the people said. Junlebao had previously considered a domestic listing but has since begun exploring the option of a Hong Kong offering either before or after a share sale on the mainland, the people said, asking not to be identified as the information is not public.