养殖企业在港交所上市 实现“A+H”同时上市

Core Viewpoint - The domestic pig farming industry company, Muyuan Foods, has successfully listed on the Hong Kong Stock Exchange, marking the first simultaneous listing of a company in this industry on both A-share and H-share markets [1] Group 1: Listing Details - Muyuan Foods' global offering of H-shares has a base issuance scale of 274 million shares, with a final issuance price set at HKD 39.0 per share, matching the highest issuance price [1] - The net fundraising amount is approximately HKD 10.46 billion, which could increase to about HKD 12.038 billion if the overallotment option is fully exercised [1] Group 2: Fund Allocation - 60% of the raised funds will be allocated to international expansion, with approximately HKD 6.276 billion earmarked for market development in Southeast Asian countries, particularly Vietnam [1] - 30% of the funds will be invested in technological research and innovation across the entire industry chain, while 10% will be used for working capital [1] Group 3: Investor Participation - The issuance attracted cornerstone investors who collectively subscribed for approximately HKD 5.342 billion, accounting for 50% of the global offering [1] - Notable cornerstone investors include leading international industry players and top global asset management firms, with Charoen Pokphand Group leading with a subscription amount of USD 200 million [1] Group 4: Company Overview - Muyuan Foods, based in Nanyang, Henan, operates a business model that covers the entire pig farming industry chain [2] - As of the end of Q3 2025, the company's total assets reached RMB 180.756 billion, with total equity of RMB 80.440 billion and a net cash flow from operating activities of RMB 28.580 billion [2]