Haitian Flavor secures green light for Hong Kong IPO

Foshan Haitian Flavouring & Food (SSE:603288) announced that it has obtained the necessary filing from the China Securities Regulatory Commission (CSRC) for its proposed issuance of H-shares and listing on the Main Board of the Hong Kong Stock Exchange. The company plans to issue no more than 710,521,100 overseas listed ordinary shares. This approval is a key step forward in the company's efforts to expand its capital base and potentially attract international investors. While the CSRC has approved the filing, the offering is still subject to further approvals from Hong Kong regulatory bodies and the stock exchange.