News Snapshot:
China’s snack maker Weilong Delicious Global Holdings has filed for a Hong Kong initial public offering (IPO), according to a stock exchange filing. Weilong, founded in 1999 and based in Luohe city in the central Chinese province of Henan, makes popular spicy snacks made of soybeans and eggs. It also produces non-spicy snacks. Weilong did not disclose the target fundraising size. It has raised 3.56 billion yuan ($551.7 million) before it filed for the IPO from investors including CPE, Hillhouse, Tencent and Yunfeng Capital. Last year it posted an annual profit of 819 million yuan. CICC, Morgan Stanley, and UBS...
