
China's Zhengxin Food plans $300M Hong Kong IPO despite 60% store drop in 5 years.
Zhengxin Food, known as China's 'Chicken King,' is preparing for a $300 million IPO in Hong Kong amid a significant reduction in its store count from 25,000 to 9,545 over five years. The company claims the downsizing is strategic, focusing on quality...

