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

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