Chinese snack maker Weilong Delicious Global disclosed plans for its Hong Kong initial public offering on May 12.
The company raised 3.6 billion yuan in March from investors including CPE, Hillhouse, Tencent and Yunfeng Capital, Reuters reported on May 13. They collectively own about 5.9% of Weilong, the prospectus showed.Weilong reported a 2020 profit of 819 million yuan on 4.1 billion yuan of revenue, according to the prospectus.A customer pushes her child on a toy car attached to a shopping trolley at Hypermart supermarket in Jakarta January 18, 2011.
Source: News Formal (newsformal.com)
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