Clifford Chance advises China Huishan Dairy on its US$1.3 billion IPO
Hong Kong: Leading international law firm Clifford Chance has advised China Huishan Dairy Holdings Co. Ltd, on its US$1.3 billion listing on the Hong Kong Stock Exchange.
This is the second largest listing in Hong Kong so far in 2013, and follows China Galaxy Securities US$1.07 billion IPO, the third largest listing in May this year, on which Clifford Chance also advised.
The funds raised will be used to build new dairy farms, increase its stock of cattle and to build a new milk powder processing plant. Huishan Dairy is China's largest integrated dairy farm.