Xinqian will begin offering shares today, with an entry fee of 4222 Hong Kong dollars.

Food-grade glycine and sucralose manufacturer Xin Qian today starts its IPO and will sell 10.58 million H shares until next Thursday. 10% of the shares will be sold publicly in Hong Kong, with the rest being sold internationally at a price between HK$18.9 and HK$20.9 per share, raising up to HK$221 million. The minimum investment is 4222.16 Hong Kong dollars for 200 shares. The stock is expected to be listed on June 10th. MinYin Capital is the exclusive sponsor. The company plans to use approximately 21.3% of the net proceeds for the production and expansion of sucralose in Thailand; approximately 55.3% for the production of seaweed dietary fiber and serine; approximately 13.4% to enhance research and development capabilities; and approximately 10% for operational and general corporate purposes.