Foshan Haitian Flavouring and Food said that it intends to sell up to 10% of its capital or 79 million shares to investors and will go public as soon as possible following the share sale. The company is considering to price a CNY 1.86 billion initial public offering (IPO) on January 22, 2014, to fund the expansion of soy sauce production capabilities. Wall Street Journal added that the company will take orders from investors between January 23, 2014 and January 24, 2014.
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