Pig Breeder Muyuan Foods Seeks Up to $1.4 Billion in Hong Kong Listing

Muyuan Foods Co., one of the world’s biggest pig breeders and pork producers, has started taking investor orders for its second listing in Hong Kong that may raise as much as HK$10.7 billion ($1.4 billion), in what is poised to be the biggest maiden share sale in the city so far this year.

The Henan-based company, whose shares are already traded in Shenzhen, is offering about 274 million shares at as much as HK$39 apiece, according to its listing document on Thursday. That reflects a discount of at least 23% to Wednesday’s closing price of 45.14 yuan.