New stock news | Biostime Dairy submitted documents to the Hong Kong Stock Exchange

Wisdom Finance APP learned that, according to the disclosure by the Hong Kong Stock Exchange on July 22, Guangxi Baifi Dairy Co., Ltd. (Baifi Dairy) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guangfa Securities as its exclusive sponsor. The prospectus shows that Baifi Dairy is a water buffalo milk products company, strategically focusing on the water buffalo milk products sector. It is one of the first companies in China to integrate the entire value chain from upstream breeding and milk product development to advanced processing and omnichannel sales for water buffalo milk products. According to Frost & Sullivan data, based on the retail sales of liquid water buffalo milk in China by 2025, the company's core brand Baifei Lao ranks first in the Chinese water buffalo milk products industry with a market share of 30.1%.