Chinese food ingredient specialist Huakang eyes $233m from Shanghai IPO

Chinese food ingredient specialist Huakang eyes $233m from Shanghai IPO

Shanghai, China. Source: Ralf Leineweber/Unsplash

Zhejiang Huakang Pharmaceutical Co., Ltd, which specialises in the manufacture of polyols and starch sugar used in the food ingredient industry, has kicked off the subscription exercise for its initial public offering (IPO) in Shanghai looking to raise 1.5 billion yuan ($233 million).