China-based pork company WH Group said on Thursday [25 August 2016] a major investor, Chinese private equity firm CDH Investments, plans to sell an aggregate 10.61 percent stake in the company in placements that could raise HK$9.25 billion ($1.19 billion)…Full Article: The Global Times Aug 2016
- WH Group (Smithfield Foods) stated that CDH investments will sell 1.55 billion shares at HK$5.95 [~US$0.77] per share.
- In September 2013, Shuanghui (WH Group) acquired Smithfield Foods (U.S. pork producer and processor) for HK$36.7 billion (~US$4.7 billion).
- Founded in 2002 and headquartered in Beijing, CDH Investments is a private equity firm. As of early 2016, CDH Investments had invested in China Modern Dairy (HKG:1117), WH Group (HKG:0288), and China Mengniu Dairy (HKG:2319).
- Founded in 1958 and headquartered in Luohe, Henan Province, WH Group (formerly Shuanghui Group – HKG:0288) is a leading Chinese pork processor.