Clifford Chance advises Muyuan Foods on its HK$10.7 billion Hong Kong IPO and listing

Global law firm Clifford Chance has advised Muyuan Foods Co., Ltd. on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange, raising HK$10.7 billion (approximately US$ 1.375 billion).

Chair of China Practice and partner Tim Wang co-led the transaction with partners Jean Thio and Virginia Lee with support from counsel Liang Wei, senior associates Bi Ran, April Zhang, Ryan Ho, Michael Cheng and Mao Meng, associates Candice Wu, Sibin Hong, Heverly Ma, Lu Wenxin, Julie Luo and Grace Wang*, trainee solicitor Cian Fang and paralegal Sampson Koo.

Tim said, "Muyuan Foods’ successful listing highlights sustained investor confidence in scaled, technology‑driven consumer and agribusiness leaders, and reinforces Hong Kong’s role as the preferred international listing venue for Chinese industrial champions seeking global capital. The transaction also reflects our deep sector knowledge and market‑leading equity capital markets capabilities."

Jean added, "The listing comes at an important moment for China’s food and beverage (F&B) and consumer goods sector, where scale, technology and supply‑chain resilience are driving growth and attracting investor interest."

Muyuan Foods operates a vertically-integrated business model spanning the entire hog value chain, covering hog breeding, hog farming, feed production, slaughtering and meat production. The company has consistently rolled out new technologies in biosecurity, odor control, environmentally sustainable operations and cost management and is a technology-driven leading pork company, pioneering smart hog farming.

Clifford Chance has played a leading role in many of the market-defining transactions in the region's consumer and retail sector, including the Hong Kong IPOs of Anjoy Foods, and Foshan Haitian.

* From Shanghai He Ping Law Firm. Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.