New stock news | It is reported that Muyuan Foods (002714.SZ) is considering listing in Hong Kong or raising at least 1 billion US dollars.

According to market sources, pork producer Muyuan Foods (002714.SZ) is considering a second listing in Hong Kong, which could help raise at least $1 billion in funding. Insiders say that the Chinese company is looking to hire banks to prepare for a stock offering that could take place as early as this year. The sources indicate that deliberations are ongoing, and details including the scale and timing may change. Information shows that Muyuan Foods Company Limited was founded in 1992 and went public in 2014. It has now formed a pork industry chain integrating feed processing, pig breeding, pig farming, and slaughtering. In 2024, the company plans to raise 71.6 million pigs and slaughter 12.52 million pigs.