CHINA’S BIGGEST PORK CO WH GROUP SUCCEEDS IN HONG KONG IPO
August 1st, 2014
WH Group, China’s largest pork company and a major shareholder in Henan Shuanghui Investment & Development Co, Ltd, which acquired Smithfield Foods for USD7.1 billion in 2013, has successfully floated on the Stock Exchange of Hong Kong Limited (HKEx).WH Group offered a total of 256,740,000 shares or 10% of its Global Offering on the main board of HKEx at a price of HKD6.20 (USD0.80) per share, according to the company’s August 4 communiqué.WH Group estimates total net proceeds of as much as HKD15.3 billion (USD1.9 billion) from its Global Offering, ...
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