Zhouheiya Food Co, a Chinese food company known for its spicy dried duck snacks, is planning to go public in Hong Kong and raise up to $500 million, The Wall Street Journal reported on Tuesday [24 May 2016]. According to the newspaper citing people familiar with the matter, the company is expected to file an application for an initial public offering in Hong Kong in the next couple of weeks. It could be the first food firm seeking to list on the bourse this year, the newspaper said…Full Article: China Daily May 2016

Key Point

  • In 2015, Hubei Zhouheiya Food recorded a net profit of CNY 306 million (US$46.7 million).

ChinaAg Comments

  • In January 2016, 35 Chinese restaurants/snack bars were under investigation for the use of illegal food ingredients, including poppy capsules. Two of the restaurants/snack bars under investigation sold “Zhouheiya” branded products.
  • In November 2010, Hubei Zhouheiya Food received an investment from Tiantu Capital, a private equity firm based in Shenzhen.
  • Founded in 2002 and headquartered in Wuhan, Hubei Province, Hubei Zhouheiya Food is a producer and distributor known for its duck meat products. The company sells its products in Beijing, Shanghai, Tianjin, Chongqing, Wuhan, Guangzhou, Shenzhen, Changsha, Hangzhou, Zhengzhou, Nanjing, Nanchang.

Similar Posts by ChinaAg

Spread the word. Share this post!