HAITIAN FLAV (03288.HK) announced its IPO results, with the Hong Kong public offering subscribed by 918.15 times. The one-lot (100 shares) success rate was 5%.

Under the clawback mechanism, the public offering shares increased to 55.2799 million shares, accounting for 19.81% of the total offering.

The international offering was subscribed by 22.93 times. The final offer price was set at HKD36.3, at the upper limit. The IPO would raise net proceeds of HKD10 billion. The shares were expected to be listed on Thursday (19th).

HAITIAN FLAV, a leading Chinese seasoning company, plans to globally offer 263 million shares, with the Hong Kong public offering originally accounting for 10%, and the offer price ranging from HKD35 to HKD36.3.

Eight cornerstone investors, including Hillhouse's HHLRA, GIC, RBC, UBS AM Singapore, Supercluster Universe, and HSG Growth, collectively subscribed for USD595 million worth of shares.
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