Thailand’s CP Group, Fidelity Are Said to Plan Investing in Muyuan’s Hong Kong Listing

Thai conglomerate Charoen Pokphand Group is planning to invest in the Hong Kong listing of Chinese pig breeder Muyuan Foods Co., according to people familiar with the matter, boosting what’s shaping up as the biggest deal yet among a rush of share sales in the city at the start of the new year.

CP Group is poised to participate as a cornerstone investor — which get guaranteed allocation in a deal in exchange for holding the shares for a period of time — in the listing, the people said, asking not to be identified to discuss a private matter. Other potential cornerstone investors include investment firm Fidelity International Ltd. and UBS Group AG’s asset-management arm, the people added.