SYDNEY (Reuters) -China’s Foshan Haitian Flavouring and Food Company has received approval from the Hong Kong Stock Exchange to list in the city and it aims to raise about $1 billion, according to two sources with direct knowledge of the matter.
The Shanghai-listed company’s proposed deal was approved by the exchange’s listing committee on Thursday, the sources said.
Foshan Haitian did not immediately respond to a request for comment from Reuters. Hong Kong Stock Exchange declined to comment.
(Reporting by Scott Murdoch; Editing by Muralikumar Anantharaman)
