Foshan Haitian Seeking to Raise Over $1 Billion in IPO - WSJ
1. Foshan Haitian aims to raise US$1.22 billion through IPO in Hong Kong. 2. IPO price range set at HK$35.00-HK$36.30 per share. 3. Proceeds will fund product development and global expansion efforts. 4. Hong Kong IPO activity is recovering with more Chinese companies listing. 5. Foshan's shares rose 0.2% to 41.80 yuan prior to listing.