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  • October 2, 2014
  • Last updated: 10:07am
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  1. Business - Money - LISTINGS

    WH Group gains 7.42pc in Hong Kong debut though debt concerns remain

    Posted Aug 05th 2014, 10:42am by Jeanny Yu

    ... meat producer Smithfield Foods last year is a heavy debt burden to the company. "WH Group may be hoping to capitalise on Smithfield's reputation, but WH also faces the cost ... had "abundant" cash flow and would have no problem repaying its debts. The food scandal that recently embroiled Shanghai Husi Food, the meat supplier for well-known international ...

  2. Business - Companies - LISTINGS

    WH to raise HK$15b in heavily oversubscribed IPO

    Posted Aug 04th 2014, 10:54am by Toh Han Shih

    ... of its IPO to repay part of a three-year syndicated loan with an outstanding principal of US$2.5 billion. Last year, WH spent US$4.7 billion to acquire US pork producer Smithfield Foods in the largest Chinese acquisition of a US company. The acquisition was seen as part of China’s quest for food security amid recent scandals over substandard meat on the mainland. WH’s initial plans ...

  3. Business - Money - LISTINGS

    WH raises HK$2.35b through over-allotment option

    Posted Aug 07th 2014, 09:22am by Toh Han Shih

    ... of the proceeds from the IPO will be used to repay debt incurred from WH’s US$4.7 billion acquisition of US pork producer Smithfield Foods last year.  ...

  4. Business - Banking & Finance - LISTINGS

    Tired of bank IPOs? Food firms poised to spice up HKEx’s menu

    Posted Jan 08th 2014, 10:43am by George Chen, Ray Chan

    ... George Chen and Ray Chan Stock pickers may soon find fresh investment choices in restaurant operators and sauce maker looking to list on the city's exchange Food firms to add flavour to HK market Investors bored with listings of mainland banks and technology firms in the past few years will soon find a new flavour in the Hong Kong stock market- several food and restaurant ...

  5. Business - Money - LISTINGS

    WH Group to raise US$2.3b in new fixed-price IPO deal

    Posted Jul 23rd 2014, 01:33am by Ray Chan

    ... Smithfield Foods in a landmark US$4.7 billion deal last year. Bankers believe WH's improved profit performance, US pork prices at record levels and steadily increasing demand ... its latest food safety scandal after it emerged that Shanghai Husi Food, a unit of US-based OSI Group, had supplied expired meat to customers including McDonald's and KFC parent Yum ...

  6. Business - China Business - LISTINGS

    WH Group back with US$3b IPO and a new story for investors

    Posted Jul 11th 2014, 01:31am by Ray Chan

    ... producer, bought out US pork supplier Smithfield Foods in a landmark US$4.7 billion deal last year. ...

  7. Business - Money - LISTINGS

    H-share listings may top 2006 record as mainland firms skirt CSRC quotas

    Posted Jul 03rd 2014, 02:08am by Eric Ng

    ... food, banking and energy sectors tipped to be the likely candidates. BAIC Motor, China General Nuclear Power Group, Bank of Shanghai and China Guangfa Bank were earlier reported to be likely ...

  8. Business - Banking & Finance - LISTINGS

    WH Group at odds with Morgan Stanley over fresh IPO pitch

    Posted Jun 24th 2014, 01:20pm by George Chen

    ... by the formation of WH when Shuanghui, the mainland's top meat producer, bought out US pork supplier Smithfield Foods in a landmark US$4.7 billion deal last year. The original offering collapsed ...

  9. Business - Companies - LISTINGS

    Buyers are in the mood for food

    Posted Nov 27th 2012, 12:00am by RAY CHAN AND JEANNY YU

    ... for food Shares of restaurant operator Tsui Wah rose on their Hong Kong debut yesterday, prompting more listing hopefuls to rekindle their issuing plans amid refreshed interest in consumer-related ... chain operator is a household name in the city selling eggs, noodles and sandwiches to locals seeking quick meals and takeaway food. The stock had been priced as high as HK$2.77 in the pre-debut ...

  10. Business - China Business - LISTINGS

    US$6b tag still in frame for WH Group offering

    Posted Apr 10th 2014, 01:01am by Reuters

    ... Smithfield Foods last year, is set to be launched today. WH plans to sell 2.923 billion new shares in an indicative range of HK$8 to HK$11.25 per share, valuing the primary portion of the offer at up ... markets, so why not keep as many options as possible?" the source said. At the top end of its range, the float would be the second biggest by a food company, behind Kraft Food's US$8.7 ...




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