News Snapshot:
Chinese pet-care and pet-food companies are turning to the stock market for fresh capital to expand in the 494 billion yuan (US$73 billion) domestic industry, with at least four of them joining a beeline of new listings in the coming weeks. Wenzhou Yuanfei Pet Toy Products, which mainly produces leashes, started taking orders last week for its 409 million yuan initial public offering (IPO) in Shenzhen later this month, according to an exchange filing. Gambol Pet Group gained approval last month for its 600 million yuan IPO on the ChiNext board in Shenzhen. They will add to peers like Hangzhou...
