Hong Kong media reports that Beijing-based supermarket Jingkelong has been approved by the Hong Kong Stock Exchange Committee to get listed in Hong Kong at the end of this month.
Jingkelong plans to raise HK$500 million through this IPO.
Jingkelong is engaged in daily necessity retailing and wholesale service in China. At present, it owns 158 stores in the mainland, and it plans to increase this number to 255 in the next three years.
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