Soy-Sauce Maker Haitian Is Said to Weigh $1.5 Billion HK Listing

Foshan Haitian Flavouring & Food Co., one of the biggest condiment makers in China, is considering a second listing in Hong Kong that could raise at least $1.5 billion, people familiar with the situation said.

The Guangdong-based company is in talks with advisers on a potential share sale in the Asian financial hub and a listing could happen in the first half of next year, the people said. Haitian’s Shanghai-listed shares have risen almost 20% this year, giving the company a market value of about $35 billion.

Deliberations are ongoing and the fundraising size will depend on market conditions, ...