Meat and Poultry Industry News

Smithfield parent company pulls IPO due to weak demand: report

April 30, 2014
KEYWORDS ipo / Smithfield / wh group
/ Print / Reprints /
ShareMore
/ Text Size+

China's WH Group Ltd, the world's biggest pork company, postponed its planned Hong Kong initial public offering, Reuters reports. The postponement comes after the company slashed the offer's size and reduced the valuation, people with direct knowledge of the matter said on Tuesday. The company did not set a timetable for a new offer.

WH Group, which acquired Smighfield Foods Inc. last year, offered 1.3 billion new shares in a revised deal valued at up to HK$14.61 billion ($1.9 billion). It had marketed the IPO in an indicative range of HK$8.00 to HK$11.25 per share.

Source: Reuters
 

Recent Articles by Industry News

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Podcasts

Brenneman analyzes Butterball’s new animal care, well-being program

Rod Brenneman, CEO of Butterball, discusses his company's new Animal Care and Well-Being Program, his company's certification by the American Humane Association and further animal-handling initiatives, all officially announced in September 2013.

More Podcasts

National Provisioner

10-14 NP cover

October 2014

Check out the October 2014 issue of The National Provisioner, featuring our annual State of the Industry reports!

Table Of Contents Subscribe

Independent Processor

October 2014 IP cover

October 2014

Check out the October 2014 issue of Independent Processor, with features on private labels, and the newest bacon trends!

Table Of Contents Subscribe

Provisioner Store

sourcebooksmall.gif
The National Provisioner Source Book

The Sourcebook is an exclusive buyer’s guide and reference tool for product and supplier information in the meat, poultry and seafood marketplace.

More Products

Sourcebook

A complete reference guide to supplies. Go to NP's Sourcebook now to check out the latest and greatest in the meat and poultry processing business.

STAY CONNECTED

Facebook icon Twitter icon  YouTube iconLinkedIn icon google +

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.