Chinese seasoning maker launches $308mn IPO

Chinese seasonings maker Foshan Haitian Flavoring and Food (603288.SH) is launching a US$308 million initial public offering, the second largest of 52 approved IPOs since the China Securities Regulatory Commission lifted the ban on new listings in December 2013, The Wall Street Journal reported. According to the company’s preliminary prospectus, released Wednesday, it’s scheduled to price its offering on January 22 and take orders from investors thereafter. The company did not provide a listing date, only saying that it will go public “as soon as possible” following the share sale.