Morgan Stanley-backed Feihe gets greenlight for HK IPO

By Jonathan Breen
14 Oct 2019

Hong Kong’s stock exchange has awarded China Feihe, a baby milk formula producer, its final stamp of approval to list.

The Beijing-based company is set to begin pre-marketing its IPO with sponsors CCB International, China Merchants Securities and JP Morgan.

Feihe, backed by several Morgan Stanley private equity funds, is a leader in the Chinese brand infant milk formula market. In 2018, the firm ranked first among its ...

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