Chinese farmers to float on HK market

11 January 1999

Chinese farmers to float on HK market

A CHINESE farm group is preparing to float on the Hong Kong stock market.

Heilongjiang Agriculture is expected to raise up to RMB1.8 billion (£132m) from the float.

The group is expected to issue shares on a price/earnings multiple of about nine times.

• Financial Times 11/01/99 page 27