Haikui Seafood sets date for IPO

Haikui Seafood AG on Thursday announced that its listing on the Frankfurt Stock Exchange has been set for 15 May.

The Chinese seafood processor’s initial public offering will begin on 24 April and end on 10 May. The company will announce further details about the planned IPO during a press conference in Frankfurt on Tuesday.

The transaction will be led by BankM (representative office of biw Bank für Investments und Wertpapiere AG) and the Norwegian investment bank Pareto Securities AS.

Haikui Seafood processes seafood for the Chinese and international markets. Its product portfolio comprises more than 100 different products, from frozen and canned seafood to a large variety of raw fish, prawns and crabs and cephalopods.

The company has an annual processing capacity of around 28,500 tons, and its processing facilities are located in southeast China on Dongshan Island, Zhangzhou, Fujian Province. It employs around 600 permanent employees and an average of 1,600 temporary workers.

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