Reported 5 days ago
WH Group Ltd., the world's largest pork producer, intends to offer up to 20% of its subsidiary Smithfield Foods Inc. shares on the New York Stock Exchange or NASDAQ, as revealed in a filing in Hong Kong. The company previously announced its intention to raise at least $1 billion, which will be allocated to capital investments in infrastructure and expanding production capacity. WH Group's offering is pending US regulatory approval, with Smithfield expected to continue streamlining its operations.
Source: YAHOO