BRIEF: WH Group to sell down Smithfield stake
Pork producer WH Group Ltd. (0288.HK) announced on Wednesday that its wholly owned SFDS UK Smithfield unit will sell 16 million shares of its U.S.-based Smithfield Foods Inc. (SFD.US) subsidiary…
WH Group flies on turnaround for North American pork business
The company turned a profit in the first half of the year by bringing down costs for its Smithfield business, amid diverging dynamics in the U.S. and Chinese pork markets …
BRIEF: Smithfield targets $400 million fundraising target in New York IPO
Chinese-owned pork producer Smithfield Foods Inc. will raise up to $470 million in its U.S. IPO by selling 14.7 million shares for between $23 and $27 each, the company said…
Smithfield piques IPO investor appetite with turnaround story, low valuation
The leading U.S. pork producer returned to the black last year, following an overhaul to streamline its operations by Chinese owner WH Group Key Takeaways: Leading U.S. pork producer Smithfield…
WH Group serves up Smithfield spinoff to support overseas expansion
China’s biggest meat producer said it will spin off its U.S. pork subsidiary for a separate listing in New York Key Takeaways: WH Group plans to list its Smithfield pork…
WH Group brings back the bacon with rising profits
Despite posting a revenue decline, China’s leading pork producer said its profit rose sharply in the first quarter and that it expects its performance to improve this year Key Takeaways:…
PODCAST: Plunging Healthcare Investments and WH Group Eyes Smithfield IPO
By Doug Young & Rene Vanguestaine After several years of unbridled enthusiasm, investors have sharply pulled back their support for Chinese healthcare startups. Why the sudden cold feet toward this…
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