Report: Tencent, Fidelity International, and Temasek are reportedly planning to invest in the busy snack retailer Ming Ming in Hong Kong IPO.

According to sources familiar with the matter, Tencent Holdings, Fidelity International, and Temasek are planning to invest in the Hong Kong IPO of Chinese snack retailer Ming Ming Hen Mang Group. The sources, who requested anonymity because the information is not public, said that the three companies are likely to be cornerstone investors in this IPO. The IPO could raise up to $500 million. The sources also said that Ming Ming Hen Mang could start accepting investor subscriptions as early as Tuesday. They added that negotiations are still ongoing and details could still change.