Muyuan Eyes Pig Farms, Feed Supply After $1.4 Billion Listing

Muyuan Foods Co. plans to partner with Asian pig farmers and enhance its global feed-grain supply network after raising HK$10.7 billion ($1.4 billion) in Hong Kong’s biggest listing of the year so far.

China’s largest hog breeder is looking to expand in Southeast Asia over the next three to five years, its chief financial officer said, in a move that will bolster regional biosecurity and help the company to diversify beyond an oversupplied domestic market.