This article only represents the author's own views.
One man’s meat is another man’s poison, so an old saying goes. And even the Covid pandemic has brought opportunity as well as adversity for companies, particularly firms that were called upon to deliver crucial services during lockdown.
In the food sector, one of China’s few pandemic beneficiaries is Pang Pang Xiang (China) Co. Ltd., Shanghai’s largest provider of foodstuffs for canteen catering. Fresh from its success, the company filed to list its shares in Hong Kong for a second time on Oct. 24, soon after its first application lapsed, with Ping An Capital as the sole sponsor.
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