China's seasoning company HAITIAN FLAV (03288.HK) closed its IPO subscription yesterday (16th). According to market sources, the public offering portion was expected to be oversubscribed by more than 930 times, attracting over 390,000 subscribers.

HAITIAN FLAV will price its shares at HKD36.3 each, which is the upper limit of the IPO price range of HKD35 to HKD36.3 per share, foreign media cited people familiar with the matter.

The company will fully exercise the 6% over-allotment option, raising the total funds to approximately HKD10.1 billion.
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