Animal Feed Maker Haid Is Said to Pick Banks for HK Listing

Guangdong Haid Group Co., a Chinese producer of animal and fish feed, has picked banks for its planned Hong Kong listing, according to people familiar with the matter.

Haid is working with China International Capital Corp., GF Securities Co. and JPMorgan Chase & Co. on the share sale, the people said, asking not to be identified because the information is private. A listing may take place as soon as next year, one of the people said.

The Shenzhen-traded company said on Oct. 17 that it was planning to list in Hong Kong and spin off a unit, without ...