THE WHAT? Yunnan Botanee Bio-Technology Group is gearing up to list on the Hong Kong stock exchange, according to a report published by Bloomberg, quoting sources ‘close to the matter’.
THE DETAILS The Chinese owner of skin care brand Winona is said to have bought Huatei Securities and JP Morgan on board to advise on the share sale, which could take place before 2021’s close.
THE WHY? Botanee raised US$426 million from its debut in Shenzhen earlier in the year and is said to be hoping to pull in up to US$1 billion from this second listing.