The infant food maker, based in Chaoan
in the Guangdong province, which claims private equity major Carlyle Group as its shareholder, will offer 644m shares at between HKD3.55 (USD0.457/EUR0.325) and HKD4.80 per share.
"The employment outlook for migrant workers cannot be optimistic for the future, which will exacerbate the difficulty more than ever to keep rural income growing," Wei Chaoan
, the vice minister of agriculture, said at a news conference on Thursday.
On Sunday, a senior Guangdong provincial official rejected there was an avian influenza outbreak in the province's Chaoan
County, despite the fact it had been confirmed by the central government, and threatened to take legal action against the Hong Kong media over their bird flu reports.