WH Group’s Smithfield Foods Rejects Bailout Assistance from the USDA’s Food Purchase and Distribution Program

The US Department of Agriculture (USDA) terminated a purchase contract worth $240,000 with Chinese-owned Smithfield Foods that had been awarded under the Trump administration’s agricultural trade bailout program, a move taken at the company’s request, a department spokesman said on Friday [16 November 2018]…Full Article: The Global Times Nov 2018 Key Point In October 2018,

Second Outbreak of ASFV in China Reported in Zhengzhou, Henan Province

An outbreak of African swine fever has been discovered in a slaughterhouse in Zhengzhou, capital of central Chian’s Henan Province, Ministry of Agriculture and Rural Affairs said Thursday [16 August 2018]…Full Article: Xinhua Aug 2018 Key Point The Zhengzhou slaughterhouse was owned by WH Group (HKG:0288), one of China’s leading pork processors and owner of

Beijing-based Private Equity Firm, CDH Investments, to Lower its Stake in WH Group Once Again

WH Group, the world’s largest pork producer, saw its shares plunge the most in more than two years on Friday morning [28 October 2016] after the company said private equity group CDH Investments planned to curb its stake by selling HK$10.6 billion [~US$1.37 billion] through a share placement…Full Article: South China Morning Post Oct 2016

CDH Investments to Sell 10.6% Stake in WH Group, Acquirer of Smithfield Foods

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 Key Point WH Group (Smithfield Foods) stated that CDH