China soy sauce maker sizzles in Hong Kong

Foshan Haitian Flavouring & Food Co., China's biggest soy sauce maker, edged up in its Hong Kong trading debut after its HK$10.1 billion ($1.3 billion) stock offering drew strong demand from investors.

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The stock rose as much as 4.7 per cent in early trading before finishing the day just 0.6 per cent above its issue price of HK$36.30. The shares, which climbed in the grey market the previous day, had been sold at the high end of their marketed range, and attracted cornerstone investors including Hillhouse Investment, GIC Pte and RBC Global Asset Man