PRC food group in share sale

December 14, 2010 | BY

clpstaff &clp articles

Hong Kong-listed China Yurun Food Group, a meat product manufacturer headquartered in Nanjing, has raised HK$3.51 billion (US$450 million) through a sale…

Hong Kong-listed China Yurun Food Group, a meat product manufacturer headquartered in Nanjing, has raised HK$3.51 billion (US$450 million) through a sale of 117 million shares to Willie Holdings. Of these shares, 47 million were new shares issued in the form of a top-up placement. The partial top-up placing amounted to approximately HK$1.394 billion (US$179 million). Morgan Stanley was the placing agent on both the placing and partial top-up placing of shares on the transaction.

Slaughter and May's Hong Kong office advised the placing agent. Benita Yu led the team and was assisted by associate Vanessa Cheung.

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