HONG KONG/SINGAPORE (Reuters) – Minzhong, a leading Chinese food processing company backed by Singapore’s GIC and buyout fund Olympus Capital, has hired JPMorgan (JPM.N) to help it go public, sources said on Monday.
It would be Singapore’s largest IPO since June 2008.
Minzhong, based in the southern Chinese province of Fujian near Taiwan, aims to raise between $100 million and $150 million through a Singapore listing by the end of 2009, said the sources who are familiar with the situation.
If successful, Minzhong’s listing would become the biggest initial public offering of shares in Singapore since Indiabulls Properties Investment Trust (IBPI.SI) raised about $260 million via its Singapore IPO in June 2008.
JPMorgan declined to comment. Minzhong could not be reached immediately for comment. (Reporting by George Chen in Hong Kong and Kevin Lim in Singapore; Editing by Ken Wills)