China $33 Billion Condiments Giant Foshan Haitian Flavouring & Food Co Receives Approval for Hong Kong Secondary Listing IPO to Raise $1 Billion, Founded in 1955 by Individuals Including Chairman Pang Kang as Hai Tian Source Shop, Company Incorporated in 1995, Employee Buyout from Foshan Government in 2007, IPO on Shanghai Stock Exchange in 2014, Chairman Pang Kang is Billionaire with $10 Billion Fortune
17th May 2025 | Hong Kong
China condiments giant Foshan Haitian Flavouring & Food Co ($33 billion market value) has received approval for a Hong Kong secondary listing IPO to raise $1 billion. Foshan Haitian Flavouring & Food Co was founded in 1955 by individuals including Chairman Pang Kang as Hai Tian Source Shop. The company (Foshan Haitian Flavouring & Food Co) was incorporated in 1995, and employee-led buyout from Foshan Government in 2007. Foshan Haitian Flavouring & Food Co IPO on Shanghai Stock Exchange in 2014. Chairman Pang Kang is a billionaire with $10 billion fortune. Profile – As the leading company in the Chinese condiment & sauce industry, Haitian is a professional maker and seller of flavoring products. Originally known as Foshan Sauce Shop flourishing during the Μing and Qing Dynasty, we have a history of more than 400 years that it is one of “Chinese Time-honored brand”companies first to be honored by the Ministry of Commerce of the People’s Republic of China. Currently, Haitian has hundreds of products in more than 1000 SKU, covering series of soy sauce, oyster sauce, vinegar, cooking wine, sauce and etc. The annual output exceeds 20 billion RMB. With the mission of “developing a career in flavoring industry and creating a perfect life”, we have always been committed to the heritage and innovation of traditional brewing process with modern scientific technology. We have established large-scale glass sun-drying pools and fermentation tanks with an area of 600,000 square meters, specially for brewing high-quality soy sauce in the sunlight. We have a number of world-leading automated packaging production lines and the industry-leading nationally accredited laboratories, which help us to implement the quality standards more rigorously and to build the world-leading condiment production base. Haitian products is safe to eat, delicious, and high-quality, so they are not only best selling in China’s domestic market, but also popular in more than 80 countries and regions in the world. To promote the food culture and bring life different tastes, Haitian is committed to introduce Chinese food culture to the world, providing high-quality products, letting more people to enjoy the delicious and letting more families to enjoy the happiness of life. Haitian is a public company listed on the Shanghai Stock Exchange of China (stock code 603288) and also one of the Chinese listed companies first to be included in the MSCI Index in China.In 2023, Haitian generated revenue of 24.559 billion RMB and net profit of 5.627 billion RMB.
“ China $33 Billion Condiments Giant Foshan Haitian Flavouring & Food Co Receives Approval for Hong Kong Secondary Listing IPO to Raise $1 Billion, Founded in 1955 by Individuals Including Chairman Pang Kang as Hai Tian Source Shop, Company Incorporated in 1995, Employee Buyout from Foshan Government in 2007, IPO on Shanghai Stock Exchange in 2014, Chairman Pang Kang is Billionaire with $10 Billion Fortune “
China $33 Billion Condiments Giant Foshan Haitian Flavouring & Food Co Receives Approval for Hong Kong Secondary Listing IPO to Raise $1 Billion, Founded in 1955 by Individuals Including Chairman Pang Kang as Hai Tian Source Shop, Company Incorporated in 1995, Employee Buyout from Foshan Government in 2007, IPO on Shanghai Stock Exchange in 2014, Chairman Pang Kang is Billionaire with $10 Billion Fortune
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