A Chinese seafood business plans to use proceeds from an initial public offering (IPO) in Germany to build a new plant – but also expects to get a reputation boost.
Haikui Seafood is preparing for an IPO on the Frankfurt Stock Exchange for the second quarter of 2012.
The company, which has a processing capacity of 28,500 metric tons currently, has two plants in the government-promoted Dongshan Special Economic Zone.
It plans to enlarge and upgrade its processing facilities and build a new factory using the proceeds of the IPO, a spokesman for the company in Germany told IntraFish.
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