The fund-raising of leading Chinese mainland flavoring products maker and seller Foshan Haitian Flavoring & Food Co (Haitian) in Hong Kong ends on Monday, with an oversubscription of over 600 times.  

According to market estimates, the subscription amount based on margin lending is expected to be close to HK$400 billion ($51 billion), with an oversubscription of about 696 times. The company is reportedly planning to expand the scale of its Hong Kong listing and increase the fundraising amount to $10.1 billion by fixing the listing price at the upper limit of the guidance price range.

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The new share-offer price was fixed at between HK$35 and HK$36.3 per share to raise HK$9.56 billion. With a broad lot size of 100 shares, investors are expected to pay HK$3,666.6 to invest in one lot of the share.

The new share is expected to be listed on the Hong Kong Stock Exchange this Thursday.

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Haitian is a public company listed on the Shanghai Stock Exchange and also one of the mainland listed companies first included in the MSCI China Index. According to Haitian’s corporate website, the flavoring manufacturer generated a revenue of 26.9 billion yuan ($3.75 billion) and a net profit of 6.3 billion yuan in 2024.