Foshan Haitian Flavouring & Food, the world’s largest soy sauce maker, goes public today on the Shanghai Stock Exchange, The Wall Sreet Journal reported. The company based in the southern province of Guangdong raised US$633 million in China’s second-largest initial public offering since a freeze on new listings ended in December. Analysts say Foshan Haitian should fare better than Shaanxi Coal Industry, which is up just 6% since its US$660 million IPO. The company expects 2013 net profit of up to US$267 million, up 35% from 2012.
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