Shuanghui, New Owner of Smithfield Foods, Plans an IPO in Hong Kong

Shuanghui International Holdings, the mainland firm that bought the world’s biggest pork supplier this year, plans to seek as much as HK$46 billion [US$5.93 billion] in an initial public offering in Hong Kong. BOC International Holdings, CITIC Securities, Goldman Sachs Group, Morgan Stanley, Standard Chartered (2888) and UBS are working on the share sale…Full-text article:

China’s Biggest Pork Processor Intends to Spend $805 million on Expansion Projects in 2013

Henan Shuanghui Investment & Development Co, China’s biggest pork processor, plans to boost output more than 50% this year as consumers look beyond a safety scare linked to small farmers and demand for meat surges as incomes rise…Full-text article: China Daily Mar 2013 Key point According to the president of Henan Shuanghui Investment & Development