World's biggest pork producer WH Group in $5bn share sale
The world's largest pork producer, China's WH Group, is hoping to set a new record on the Hong Kong Stock Exchange, when its shares make their trading debut later this month.
It has hired a record number of banks to work on the initial public offering, which some analysts say could raise up to $5bn.
WH Group plans to use proceeds from the share sale to pay down debt which helped to finance its $4.9bn acquisition of American food company Smithfield Foods last year.
Juliana Liu reports from Hong Kong.
10 Apr 2014
- From the section Business