Muyuan Foods Selects CICC, JPMorgan for $1.5 Billion Swiss GDR Sale

• Shenzhen-listed firm may kick off offering as soon as March
• Muyuan has said it’s planning GDR offering in Switzerland

 

China’s Muyuan Foods Co. has selected China International Capital Corp. and JPMorgan Chase & Co. to arrange its planned global depository receipts sale in Switzerland, according to people with knowledge of the matter.

The Shenzhen-listed hog breeder is looking to raise about $1.5 billion through the GDR sale in Zurich, said the people, who asked not to be identified as the information is private. An offering could happen as early as March, one of the people said. 

https://www.bloomberg.com/news/articles/2023-01-17/muyuan-foods-selects-cicc-jpmorgan-for-1-5-billion-swiss-gdr-sale