Chinese pork sausages
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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.

Watch more reports on Asia Business Report's website.

  • 10 Apr 2014
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