News Column

WH Group Restarts Hong Kong Listing, Financing Less Money

July 11, 2014

HONG KONG, July 11, SinoCast -- WH Group Limited, whose predecessor is Shuanghui International Holdings Ltd., is planning to restart Hong Kong IPO. News from investment banks said that listing plan will be restarted within two weeks in Hong Kong, with sponsors shrinking from seven to two and financing value cut down. Media reports said that financing value has been reduced by 62% from USD 5.3 billion to USD 2 billion, with Morgan Stanley and BOC International Holdings Limited remaining as IPO sponsors. Financing will be used for repaying loans borrowed for acquiring Smithfield Foods.

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Source: Sinocast Consumer Products Beat (China)

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