China’s Foshan Haitian to raise about $1 billion in Hong Kong listing, sources say

SYDNEY (Reuters) -China’s Foshan Haitian Flavouring and Food Company has received approval from the Hong Kong Stock Exchange to list in the city and it aims to raise about $1 billion, according to two sources with direct knowledge of the matter.

The Shanghai-listed company’s proposed deal was approved by the exchange’s listing committee on Thursday, the sources said.

Foshan Haitian did not immediately respond to a request for comment from Reuters. Hong Kong Stock Exchange declined to comment.

(Reporting by Scott Murdoch; Editing by Muralikumar Anantharaman)