Haitian Flavouring & Food Company set the Hong Kong IPO price at the upper limit of the range, raising 10.1 billion Hong Kong dollars.

According to the trading terms, Haitian Flavoring & Food Co., Ltd. will set the price of its Hong Kong IPO at the upper end of the range, raising 10.1 billion Hong Kong dollars. Haitian Flavoring & Food Co., Ltd. will sell 2.79 billion H shares at a price of 36.3 Hong Kong dollars per share, exceeding the initial 2.63 billion shares. The price range for the sale is between 35 and 36.3 Hong Kong dollars. The final offer price is about 17% lower than the closing price of Haitian Flavoring & Food Co., Ltd. A shares on Monday, at 40.12 yuan. The stock will be listed and traded in Hong Kong on June 19. CICC, Goldman Sachs, and Morgan Stanley are joint sponsors.