Haitian Flavor (03288.HK), a leading condiment company in China, announced details of its IPO and plans to sell approximately 263 million shares globally, of which the Hong Kong offering accounts for 15.7943 million shares and the international offering accounts for 247 million shares. The offering price per share ranges from 35 to 36.3 yuan, based on 100 shares per lot, and the admission fee for one hand is 3,666.62 yuan. The offering starts today (11th) and ends at noon next Monday (16th). It is expected to be listed next Thursday (19th). The co-sponsors are Morgan Stanley, CICC and Goldman Sachs. The stock's listing introduced eight cornerstone investors, including Hillhouse's HHLRA, GIC, RBC, Yuanfeng Fund, UBS AM Singapore, Supercluster Universe, HSG Growth and Foshan Development, subscribed for a total of US$595 million in company shares. For example, based on the median offering price of 35.65 yuan, the company's net listing funds are approximately 9.27 billion yuan, of which approximately 20% will be used for product development and research and development of cutting-edge technologies and process upgrades; approximately 30% will be used for capacity expansion and adoption of new technologies and digital upgrades of supply chains; approximately 20% will be used to build a global brand image, expand sales channels and enhance overseas supply chain capabilities; approximately 20% will be used to enhance the sales network and enhance its penetration capabilities; About 10% is used for working capital and general corporate purposes.