Food processing group China Kangda Food Co. Ltd. plans to sell at least 100 million new shares or 25 percent of its enlarged share capital in an initial public offering in Singapore by early November.

The company, which has filed a prospectus with the Monetary Authority of Singapore, is expected to start a roadshow in the middle of September and is looking at a possible listing in about two months.

Kangda has not finalised indicative pricing for the IPO. The company plans to use the proceeds from the IPO to expand its production capacity.

In 2005, the company's net profit was 79.9 million yuan ($9.9 million).

Source:佚名