https://www.scmp.com/rss/518060/feed WH Group is the world's largest pork producer, with operations in packaged meats, fresh pork and pig farming. The company is a leading supplier of pork in China, the United States and in some markets in Europe. It owns US pork giant Smithfield Foods, which it acquired in 2013. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Khushboo Razdan Khushboo Razdan In 2025, even as US President Donald Trump sought to stabilise trade ties with Beijing, two Republican-led states were moving in the opposite direction, securing nearly US$50 billion in federal lawsuits for what they say was economic damage caused by China’s deliberate stripping of US hospitals and businesses of essential Covid-19 supplies. Using a new reading of the “commercial activity” exception to a 50-year-old US law that generally blocks lawsuits against foreign governments, a federal... https://www.scmp.com/news/china/diplomacy/article/3339384/why-lawsuits-wont-cure-pandemics-financial-ills-between-us-states-and-chinese-government?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3339384/why-lawsuits-wont-cure-pandemics-financial-ills-between-us-states-and-chinese-government?utm_source=rss_feed Fri, 09 Jan 2026 15:59:08 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rallied on Wednesday, propelling the benchmark gauge to its best one-day performance in three months, as tame US inflation data fuelled rate-cut expectations and corporate earnings prospects brightened. The Hang Seng Index close 2.6 per cent higher at 25,613.67, the most since a 3 per cent gain on May 12. The gauge finished at its highest level in almost three weeks. The Hang Seng Tech Index jumped 3.5 per cent. On the mainland, the CSI 300 Index climbed 0.8 per cent and the... https://www.scmp.com/business/china-business/article/3321651/hong-kong-stocks-approach-2-week-high-mild-us-inflation-raises-rate-cut-bets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3321651/hong-kong-stocks-approach-2-week-high-mild-us-inflation-raises-rate-cut-bets?utm_source=rss_feed Wed, 13 Aug 2025 02:40:34 +0000 WH Group, the world’s biggest pork processing group, has agreed to sell its food spices and sauces manufacturing business in the US to Solina Group for US$587.5 million,, following a strategic review of its assets. The sale is expected to generate a US$467 million gain before costs and expenses, which is the difference between the selling price and the underlying value of the assets, the Hong Kong-listed Chinese group said in a stock exchange filing late on Monday. France-based Solina is a... https://www.scmp.com/business/companies/article/3194772/chinese-pork-giant-wh-group-sells-us-food-spices-unit-under?utm_source=rss_feed https://www.scmp.com/business/companies/article/3194772/chinese-pork-giant-wh-group-sells-us-food-spices-unit-under?utm_source=rss_feed Tue, 04 Oct 2022 07:01:15 +0000 Hong Kong stocks rose for the first time this week after Premier Li Keqiang urged officials in key provinces to undertake growth-boosting policies amid a pullback in economic activity. Meituan rebounded from a sell-off. The Hang Seng Index added 0.5 per cent to 19,922.45 at the close of Wednesday trading. It slumped 1.1 per cent a day earlier. The Hang Seng Tech Index advanced 0.4 per cent, while the Shanghai Composite Index also rose by that much. Meituan surged 3.3 per cent to HK$170 and... https://www.scmp.com/business/china-business/article/3189153/hong-kong-stocks-gain-meituan-wh-group-advance-while?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3189153/hong-kong-stocks-gain-meituan-wh-group-advance-while?utm_source=rss_feed Wed, 17 Aug 2022 02:15:37 +0000 Stock market bets on gains in China’s pork prices receded after the nation’s top planning body warned against speculative activity that could further stoke a 30 per cent increase in hog prices this year. Shares of Muyuan Foods, the nation’s biggest pig-breeder, dropped 3.6 per cent to 61.19 yuan (US$9.13) on Wednesday in Shenzhen, snapping a three-day gain, while pork processing giant WH Group slumped 4 per cent to HK$5.81 in Hong Kong, retreating from a level close to a nine-month high. Trading... https://www.scmp.com/business/china-business/article/3184337/chinese-pork-stocks-including-wh-group-recede-nations-top?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3184337/chinese-pork-stocks-including-wh-group-recede-nations-top?utm_source=rss_feed Wed, 06 Jul 2022 11:30:18 +0000 Hong Kong stocks jumped by the most in three weeks on signs Covid-19 outbreaks in mainland China are easing, fuelling hopes for a wider reopening of the locked-down economy. Policymakers also ramped up efforts to shore up growth. The Hang Seng Index advanced 1.7 per cent to 20,276.17 at the close of Thursday trading. The Tech Index added 2.2 per cent while the Shanghai Composite Index gained 0.6 per cent to extend a rebound from a two-year low. China Merchants Bank surged 5.7 per cent to... https://www.scmp.com/business/china-business/article/3175766/alibaba-wh-group-spur-hong-kong-stocks-covid-cases-mainland?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3175766/alibaba-wh-group-spur-hong-kong-stocks-covid-cases-mainland?utm_source=rss_feed Thu, 28 Apr 2022 02:44:53 +0000 Hong Kong stocks traded near a four-week low after new Covid-19 cases jumped to a record in Shanghai, denting hopes for a quick exit from two weeks of citywide lockdown. Faster US inflation also fuelled more policy tightening bets, hurting risk appetite. The Hang Seng Index swung to a 0.3 per cent gain to 21,374.37 on Wednesday, after losing as much as 0.8 per cent. Volatility this week reached the highest in about a month. The Tech Index gained 0.4 per cent and the Shanghai Composite Index fell... https://www.scmp.com/business/china-business/article/3174080/hong-kong-stocks-struggle-4-week-low-alibaba-meituan-suffer?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3174080/hong-kong-stocks-struggle-4-week-low-alibaba-meituan-suffer?utm_source=rss_feed Wed, 13 Apr 2022 03:00:47 +0000 WH Group warned on Monday that the Ukraine-Russia war will push costs up and affect its profitability, after the world’s biggest pork producer reported a 7.2 per cent jump in profit for last year on higher sales. The company said it expected hog prices in the US to remain lower this year compared with last year, while in China it expects prices to remain low in the first half before trending higher in the second half. In Europe, however, it expects prices to remain high because of a range of... https://www.scmp.com/business/companies/article/3172167/wh-group-posts-72-cent-jump-2021-profit-higher-sales-outlook?utm_source=rss_feed https://www.scmp.com/business/companies/article/3172167/wh-group-posts-72-cent-jump-2021-profit-higher-sales-outlook?utm_source=rss_feed Mon, 28 Mar 2022 12:38:04 +0000 WH Group, the world’s largest pork producer, is coming under the media spotlight again as a new twist in the family feud shaved US$1.4 billion off its market value. One of the sons of its founder, who was stripped of his directorship in June, alleged that his father and the former finance chief took wrong financial decisions that led to losses at the company. WH Group denied the allegations. The feud dragged its Hong Kong-listed shares 11.3 per cent lower to HK$5.95 on Wednesday, the biggest... https://www.scmp.com/business/companies/article/3145523/wh-group-shares-sink-family-feud-escalates-son-levelling?utm_source=rss_feed https://www.scmp.com/business/companies/article/3145523/wh-group-shares-sink-family-feud-escalates-son-levelling?utm_source=rss_feed Wed, 18 Aug 2021 13:00:18 +0000 Wan Long, the founder of WH Group, the world’s largest pork producer, has stepped down as the company’s chief executive, leaving his empire in the hands of non-family members after his son was unceremoniously booted out two months ago. The Hong Kong-listed firm has appointed Guo Lijun, who assumed the role of chief financial officer in 2016, to succeed 80-year-old Wan, according to a filing to the stock exchange. The personnel change, effective immediately, followed the sacking of Wan Hongjian,... https://www.scmp.com/business/companies/article/3144850/wh-groups-founder-quits-leaving-worlds-biggest-pork-producer?utm_source=rss_feed https://www.scmp.com/business/companies/article/3144850/wh-groups-founder-quits-leaving-worlds-biggest-pork-producer?utm_source=rss_feed Thu, 12 Aug 2021 22:00:26 +0000 WH Group, the world’s biggest pork producer, has removed the chairman’s son from the board and terminated his employment, citing his aggressive behaviour against the company. Wan Hongjian, 52, son of the chairman and CEO Wan Long, 80, was stripped on Thursday of his roles as executive director, deputy chairman and vice-president, based on the company’s “amended and restated” articles of association, it said in a filing to Hong Kong’s bourse. The company said that Wan was unable to fulfil his... https://www.scmp.com/business/china-business/article/3137735/chinese-pork-giant-wh-group-fires-chairmans-son-board-over?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3137735/chinese-pork-giant-wh-group-fires-chairmans-son-board-over?utm_source=rss_feed Fri, 18 Jun 2021 00:30:00 +0000 WH Group, the world’s largest pork producer, surged to a 14-month-high after the company offered as much as HK$14.95 billion (US$1.93 billion) to buy back 13 per cent of its capital at a premium as the stock underperformed the market in 2020 and this year. The stock rose 11 per cent to an intraday high of HK$7.54 on Monday, its highest level since April 2020, before closing at HK$7.33 on Monday. Hong Kong’s benchmark Hang Seng Index fell 0.5 per cent on the same day. The share price rose after... https://www.scmp.com/business/companies/article/3136272/worlds-biggest-pork-producer-wh-group-makes-us193-billion?utm_source=rss_feed https://www.scmp.com/business/companies/article/3136272/worlds-biggest-pork-producer-wh-group-makes-us193-billion?utm_source=rss_feed Mon, 07 Jun 2021 00:15:06 +0000 Smithfield Foods, a US unit of China’s biggest pork company, has reopened its processing plant after President Donald Trump ordered the US meatpacking industry to stay open despite an earlier coronavirus outbreak in such facilities across America. The plant in Sioux Falls, South Dakota resumed operations in stages from Thursday after shutting down more than three weeks ago, and aims to be fully operational by late May, Smithfield said in a statement. Smithfield is the largest pork producer in... https://www.scmp.com/business/companies/article/3083392/wh-groups-us-pork-processing-plant-reopen-stages-amid?utm_source=rss_feed https://www.scmp.com/business/companies/article/3083392/wh-groups-us-pork-processing-plant-reopen-stages-amid?utm_source=rss_feed Thu, 07 May 2020 15:27:19 +0000 Hong Kong stocks posted their best performance in a month as traders swooped in and scooped up marquee names like Tencent and WH Group on positive coronavirus news and big US overnight stock gains. The Hang Seng Index closed ahead Thursday by 2.1 per cent at 26,767.87. That was its biggest percentage gain since February 6, when it rose 2.6 per cent. Of its 50 member constituents, 49 advanced while one dropped. AAC Technologies was the biggest winner among blue chips, jumping up 5 per cent to... https://www.scmp.com/business/money/markets-investing/article/3065184/hong-kong-stocks-track-biggest-gains-month-traders?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3065184/hong-kong-stocks-track-biggest-gains-month-traders?utm_source=rss_feed Thu, 05 Mar 2020 07:23:00 +0000 Happy Friday, traders -- So the focus remains on Donald Trump and whether his expected signature on the legislation in support of Hong Kong pro-democracy activists will upend trade talks aimed at a partial deal between the world's two largest economies. The Hang Seng gained, while Shanghai's benchmark fell. Catch up on the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! -- survey. Your feedback will really help us make the blog better for you! Also,... https://www.scmp.com/business/markets/article/3038849/stocks-blog-trade-remains-focus-investors-brace-trump-move-pro?utm_source=rss_feed https://www.scmp.com/business/markets/article/3038849/stocks-blog-trade-remains-focus-investors-brace-trump-move-pro?utm_source=rss_feed Fri, 22 Nov 2019 01:11:27 +0000 Good day, traders -- Hong Kong and China stocks fell on expectations that US President Donald Trump will sign legislation supporting the city's protesters. Beijing warned that it would take "strong countermeans ... if the US insists on making the wrong decisions" on the legislation. This sets up a likely collision course that could upset the phase one trade deal that is in the works. Check out the day's action below. Please help us improve our blog by taking this quick -- under 2 minutes! --... https://www.scmp.com/business/markets/article/3038689/markets-edge-donald-trump-reportedly-will-sign-legislation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3038689/markets-edge-donald-trump-reportedly-will-sign-legislation?utm_source=rss_feed Thu, 21 Nov 2019 01:22:05 +0000 Good day, traders -- Lots of profit taking today, including from Monday's big run-up in blockchain stocks. Catch up on the day's action below.  And if you'd like to get the Live Stocks Blog each morning via email, shoot Deb a message deb.price@scmp.com and she'll add you to the list. -- Daniel Ren in Shanghai and Deb Price in Hong Kong https://www.scmp.com/business/markets/article/3035271/stocks-blog-trump-says-probably-well-sign-mini-us-china-trade-deal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3035271/stocks-blog-trump-says-probably-well-sign-mini-us-china-trade-deal?utm_source=rss_feed Tue, 29 Oct 2019 01:18:33 +0000 Well that wraps up another day -- It was a disappointing one for Hong Kong, where shares finished flat.  But President Trump's sudden optimism about a trade deal at the G7 proved a tonic for Chinese shares, which finished higher today. They were also boosted by the fact they're about to get a higher weighting in MSCI indexes. Join us tomorrow! If you have any feedback about our live stocks blog, please contact Deb Price at deb.price@scmp.com -- Georgina Lee, Anthony Richardson and Deb Price in... https://www.scmp.com/business/markets/article/3024456/stocks-blog-will-trumps-overnight-u-turn-trade-boost-hong-kong?utm_source=rss_feed https://www.scmp.com/business/markets/article/3024456/stocks-blog-will-trumps-overnight-u-turn-trade-boost-hong-kong?utm_source=rss_feed Tue, 27 Aug 2019 01:11:36 +0000 China’s WH Group, the world’s largest pork producer and owner of Smithfield Foods of Virginia, is adopting a two-prong strategy to survive the escalating trade war between the world’s two largest economies. The company will import more meat from Europe and South America to satisfy China’s demand in the largest pork-consuming nation while domestic hog herds had been culled by an outbreak of the African swine fever. It will also broaden Smithfield’s export markets to get around China’s tit-for-tat... https://www.scmp.com/business/companies/article/3022643/worlds-largest-pork-producer-wh-group-between-us-and-china-finds?utm_source=rss_feed https://www.scmp.com/business/companies/article/3022643/worlds-largest-pork-producer-wh-group-between-us-and-china-finds?utm_source=rss_feed Tue, 13 Aug 2019 13:00:40 +0000 The price of pork is likely to remain high in China, the world’s largest consumer of the meat, as supplies may take months – and even years – to return to normal amid one of the worst outbreaks of African swine fever. The viral disease, which doesn’t harm humans, wiped out an estimated 20 per cent of China’s population of hogs, and has become endemic in the regions of Tibet and Xinjiang, which makes it difficult to stamp out, the United Nations’ Food & Agriculture Organisation said. Pork prices... https://www.scmp.com/business/commodities/article/3012271/pork-price-likely-remain-high-china-swine-fever-wipes-out-hog?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3012271/pork-price-likely-remain-high-china-swine-fever-wipes-out-hog?utm_source=rss_feed Wed, 29 May 2019 07:36:02 +0000 China’s WH Group, the world’s largest pork producer, called for an end to the US-China trade war on Friday, citing higher tariffs on US exports to China as one factor weighing negatively on its underlying business. The outbreak of the African swine fever and rising meat production in the US were also negative headwinds, the company said. Net profit for 2018 fell 4 per cent to US$1.05 billion, WH Group said in filing on Friday. Revenue was up 1 per cent to US$22.61 billion, slightly beating... https://www.scmp.com/business/companies/article/3001946/pork-producer-wh-group-calls-end-trade-war-2018-profit-drops-4?utm_source=rss_feed https://www.scmp.com/business/companies/article/3001946/pork-producer-wh-group-calls-end-trade-war-2018-profit-drops-4?utm_source=rss_feed Fri, 15 Mar 2019 14:42:50 +0000 WH Group, the largest pork producer in China and the world, reported worse-than-expected results for the first half of the year, with its US operations coming under pressure as trade tensions between the world’s two largest economies began to escalate. The company reported a 7.7 per cent drop in net profit to US$514 million from US$557 million in the year-earlier period as its US and European operations were hurt by lower margins. Revenue reached US$11.17 billion, up 4.8 per cent from US$10.66... https://www.scmp.com/business/china-business/article/2159702/chinas-top-butcher-wh-group-posts-worse-expected-profit?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2159702/chinas-top-butcher-wh-group-posts-worse-expected-profit?utm_source=rss_feed Tue, 14 Aug 2018 12:00:15 +0000 WH Group, the world’s largest pork producer, reported a worse than expected 1 per cent rise in net profit for the first half of 2017 as rising raw materials costs ate into the bottom line, according to the company. The group reported net profit of US$557 million, or 4.07 US cents per share, after biological fair value adjustments for the first half, up 1 per cent from US$551 million in the same period last year. The result missed a consensus estimate of US$615 million by analysts polled by... https://www.scmp.com/business/china-business/article/2106758/chinas-wh-group-reports-worse-expected-net-profit-ceo-plays?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2106758/chinas-wh-group-reports-worse-expected-net-profit-ceo-plays?utm_source=rss_feed Mon, 14 Aug 2017 11:24:35 +0000 The chairman of WH Group, the Chinese pork behemoth that owns American meat processing company Smithfield, said pork trade between the United States and China is less likely to suffer should a trade war break out under the administration of US President Donald Trump. “There is a rigid demand for pork both in America and in China,”said Wan Long, chairman of the pork producer. “In the scenario of a trade war, the first to be targeted should be steel and machinery manufacturers.” The company’s... https://www.scmp.com/business/companies/article/2081204/wh-group-posts-17pc-jump-2016-profit-stronger-us-meat-sales?utm_source=rss_feed https://www.scmp.com/business/companies/article/2081204/wh-group-posts-17pc-jump-2016-profit-stronger-us-meat-sales?utm_source=rss_feed Wed, 22 Mar 2017 10:05:41 +0000 Chinese pork giant WH Group has established a batch of American depository receipts as part of an effort to increase its exposure in overseas markets. Each of the 50 million ADRs represents 20 ordinary shares in the world’s largest pork packaged meat producer. They are based on WH’s issued shares in Hong Kong as no new shares were issued for the ADR programme, according to a company’s statement filed with the Hong Kong exchange on Wednesday. “The establishment of the ADR programme will provide... https://www.scmp.com/business/companies/article/2063091/pork-giant-wh-group-offers-adrs-us-expand-investor-exposure?utm_source=rss_feed https://www.scmp.com/business/companies/article/2063091/pork-giant-wh-group-offers-adrs-us-expand-investor-exposure?utm_source=rss_feed Wed, 18 Jan 2017 02:19:54 +0000 WH Group, the world’s largest pork company, said its US subsidiary, Smithfield Foods has agreed to buy California’s largest pork processor Clougherty Packing and its two affiliates for US$145 million. Smithfield Foods, the US pork company acquired by WH Group in 2013, has signed an agreement with Hormel Foods Corporation for the purchase of Clougherty, which operates under various brands including “Farmer John” and “Saag’s Specialty Meats”. Clougherty provides a full line of branded pork... https://www.scmp.com/business/article/2048308/wh-group-agrees-buy-californias-largest-pork-processor-us145-million?utm_source=rss_feed https://www.scmp.com/business/article/2048308/wh-group-agrees-buy-californias-largest-pork-processor-us145-million?utm_source=rss_feed Tue, 22 Nov 2016 09:19:54 +0000 WH Group will set its sights on a new round of sizeable acquisitions by the end of next year as it aims to become the world’s largest packaged meat company. “We are already the largest pork packaged meat producer in the world, and we aim to become the leader in other meat markets,” said Luis Chein, director of WH Group. “We will consider bigger scale acquisitions when our debt level drops further.” Chein said the company’s debts will have dropped to a more comfortable level by the end of... https://www.scmp.com/business/companies/article/2047719/chinese-pork-giant-wh-group-will-eye-major-acquisitions-end-2017?utm_source=rss_feed https://www.scmp.com/business/companies/article/2047719/chinese-pork-giant-wh-group-will-eye-major-acquisitions-end-2017?utm_source=rss_feed Sun, 20 Nov 2016 11:35:24 +0000 WH Group, the world’s largest pork producer, saw its shares plunge the most in more than two years on Friday morning after the company said private equity group CDH Investments planned to curb its stake by selling HK$10.6 billion through a share placement. It dropped as much 9.1 per cent to HK$6.28. The benchmark Hang Seng Index edged down 0.38 per cent to HK$86.6 as of 11:22am. The proposed share sale was reported by the Post on Thursday. The company said on Friday the PE firm expected to sell... https://www.scmp.com/business/companies/article/2040938/wh-group-shares-plunge-after-major-shareholder-cdh-plans-stake?utm_source=rss_feed https://www.scmp.com/business/companies/article/2040938/wh-group-shares-plunge-after-major-shareholder-cdh-plans-stake?utm_source=rss_feed Fri, 28 Oct 2016 04:44:51 +0000 Private equity group CDH is selling 1 billion shares in WH Group worth up to US$836 million (HK$6.48 billion) through a share placement, according to a term sheet obtained by the South China Morning Post. Shares in Hong Kong-listed WH Group, the world’s biggest pork producer, were offered in a range from $6.22-HK$6.48 per share, representing a 8.4 per cent to 4.6 per cent discount to Thursday’s closing price of HK$6.79, with a lock-up period of 9 months. The sale accounts for 6.8 per cent of the... https://www.scmp.com/business/article/2040689/private-equity-group-china-diamond-sell-hk648-billion-worth-shares-pork?utm_source=rss_feed https://www.scmp.com/business/article/2040689/private-equity-group-china-diamond-sell-hk648-billion-worth-shares-pork?utm_source=rss_feed Thu, 27 Oct 2016 12:31:11 +0000 The head of the world’s biggest pork producer expects China’s pork prices, a key driver of the country’s consumer inflation figures, to enter a downward trend over the next 15 months. “Pork spot prices are likely to fall to 16 yuan per kilogram from historical highs of over 20 yuan by the end of 2016, and could continue dropping in 2017,” Wan Long, WH Group chairman and chief executive officer, told reporters in Hong Kong. The CEO of the company known as “China’s No. 1 butcher” made the... https://www.scmp.com/business/companies/article/2007391/wh-group-sees-chinas-pork-prices-falling-over-next-18-months?utm_source=rss_feed https://www.scmp.com/business/companies/article/2007391/wh-group-sees-chinas-pork-prices-falling-over-next-18-months?utm_source=rss_feed Mon, 22 Aug 2016 07:54:06 +0000 The world’s biggest pork producer WH Group logged a better-than-expected 26.98 per cent jump in net profit for the first half of the year, boosted by a product-mix upgrade and effective cost cutting. China’s “No 1 butcher”, which also controls US meat processor Smithfield Foods, booked a net profit of US$466 million, up from US$367 million a year earlier, outstripping analysts consensus estimates of US$402 million. Revenue increased 2.3 per cent to US$10.45 billion. Shrugging off pressure from... https://www.scmp.com/business/companies/article/2007063/top-pork-producer-wh-group-beats-expectations-post-27pc-first?utm_source=rss_feed https://www.scmp.com/business/companies/article/2007063/top-pork-producer-wh-group-beats-expectations-post-27pc-first?utm_source=rss_feed Sun, 21 Aug 2016 13:37:36 +0000 MSCI, one of the world's largest providers of financial market indices, has added Sino-US pork supplier WH Group to its MSCI Hong Kong index. No constituent stock was removed. Shares of WH, which bought US meat major Smithfield Foods, yesterday closed unchanged at HK$5.15, still 16.9 per cent below the price they were listed in August. Despite being added to a major index, WH has disappointed investors as its quarterly revenue and earnings have dropped, raising questions over its integration... https://www.scmp.com/business/companies/article/1634161/msci-adds-wh-group-its-msci-hong-kong-index?utm_source=rss_feed https://www.scmp.com/business/companies/article/1634161/msci-adds-wh-group-its-msci-hong-kong-index?utm_source=rss_feed Fri, 07 Nov 2014 04:30:15 +0000 Beijing-based private equity firm CDH Investments, the largest shareholder of Sino-US pork producer WH Group, is repaying investors by pledging HK$12.6 billion worth of WH shares. The move mirrors the difficulties facing private equity firms to exit their investments through initial public offerings in Hong Kong, where investors remain sceptical of any exit by secretive private equity firms that rarely disclose their financial and operating conditions. The deal would allow CDH to return the... https://www.scmp.com/business/money/markets-investing/article/1618814/private-equity-firm-pledges-hk126b-wh-group-shares?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1618814/private-equity-firm-pledges-hk126b-wh-group-shares?utm_source=rss_feed Fri, 17 Oct 2014 21:47:33 +0000 WH Group rose by as much as 10.64 per cent in Hong Kong yesterday after the world's biggest pork producer succeeded in mounting an initial public offering on its second attempt, after cutting its fundraising target and offer price. The stock jumped to HK$6.86 at 9.32am, compared with the offer price of HK$6.20. It finished at HK$6.66 yesterday, up 7.42 per cent on the day. The benchmark Hang Seng Index added 0.2 per cent. The company said in a statement yesterday that its Hong Kong tranche of... https://www.scmp.com/business/money/markets-investing/article/1566804/wh-group-debuts-hong-kong-10pc-offer-price?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1566804/wh-group-debuts-hong-kong-10pc-offer-price?utm_source=rss_feed Tue, 05 Aug 2014 02:42:06 +0000 Sino-US pork producer WH Group has launched its stalled initial public offering of shares in a fixed-price deal that will raise about US$2.3 billion. The sale comes three months after the original offer collapsed because of a combination of factors including poor market conditions, a disclosure of massive payments to two company executives and conflicting messages to investors from a record 29 investment bank bookrunners. "This is now a reconfigured deal that is coming to the market at an agreed... https://www.scmp.com/business/money/markets-investing/article/1557367/wh-group-raise-us23b-new-fixed-price-ipo-deal?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1557367/wh-group-raise-us23b-new-fixed-price-ipo-deal?utm_source=rss_feed Tue, 22 Jul 2014 17:30:45 +0000 Sino-US pork producer WH Group will relaunch its stalled initial public offering in a deal that could raise US$3 billion in one of the biggest share sales in the city this year. "The deal is expected to be completed before mid-August," a source with knowledge of the listing plan told the South China Morning Post. "It will raise at least US$2 billion and maybe as much as US$3 billion," the source added. The revival of the share sale comes three months after the original offer collapsed on a... https://www.scmp.com/business/china-business/article/1551438/wh-group-back-us3b-ipo-and-new-story-investors?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1551438/wh-group-back-us3b-ipo-and-new-story-investors?utm_source=rss_feed Thu, 10 Jul 2014 17:31:37 +0000 Sino-US pork producer WH Group's on-off Hong Kong offering could come back to the market, but only if the firm and its lead investment bank can agree on terms which could see a new deal priced at a 20 per cent discounted valuation to April's original failed US$6 billion offer. Two fund managers told the South China Morning Post that US investment bank Morgan Stanley had contacted them to gauge interest in a deal valuing WH shares as low as 12 times estimated 2014 earnings, compared to the 15-21... https://www.scmp.com/business/china-business/article/1539488/fund-sources-say-morgan-stanley-eyes-wh-group-ipo-relaunch?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1539488/fund-sources-say-morgan-stanley-eyes-wh-group-ipo-relaunch?utm_source=rss_feed Tue, 24 Jun 2014 05:15:00 +0000 The world's largest pork producer WH Group has postponed its US$1.9 billion share sale, effectively axing what was once billed as the biggest initial public offering in Asia so far this year. The decision came after a move last week to slash the price and the offer size of the deal from an original US$5 billion, which failed to tempt potential investors, who were already signalling their unwillingness to swallow such a large transaction. "In light of deteriorating market conditions and recent... https://www.scmp.com/business/china-business/article/1500070/chinese-pork-giant-wh-group-pulls-hong-kong-ipo-weak-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1500070/chinese-pork-giant-wh-group-pulls-hong-kong-ipo-weak-demand?utm_source=rss_feed Tue, 29 Apr 2014 11:01:39 +0000 WH Group, the world's largest pork processor formerly known as Shuanghui International, has been forced to substantially cut down its proposed initial public offering and consequently delayed its pricing given tough market conditions, people familiar with the deal said. The Sino-US pork producer's decision to scale back its share sale shocked the city's listing market and market participants since the deal was well-supported by a record 29 underwriters and private equity outfits. "A lacklustre... https://www.scmp.com/business/money/markets-investing/article/1494730/wh-group-massively-cuts-back-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1494730/wh-group-massively-cuts-back-hong-kong-listing?utm_source=rss_feed Tue, 22 Apr 2014 16:45:15 +0000 The world's biggest pork company has deployed 29 banks to market its up to US$5.3 billion Hong Kong initial public offering (IPO) in the hopes of getting a better price for its shares in a volatile market. However, instead of creating a buzz, the underwriters are creating confusion. China's WH Group is pricing its shares this week as it raises funds to help repay loans taken to finance its US$4.9 billion acquisition of US-based Smithfield Foods last year. WH is looking to price its shares... https://www.scmp.com/business/money/markets-investing/article/1493948/wh-groups-excess-ipo-banks-confuses-investors?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1493948/wh-groups-excess-ipo-banks-confuses-investors?utm_source=rss_feed Mon, 21 Apr 2014 16:45:45 +0000 WH Group, the world's largest pork processor formerly known as Shuanghui International, believes its exponential sales growth justifies a US$681 million share-based compensation plan for two senior executives in the run-up to its HK$41 billion initial public offering. "Our sales have risen 20 per cent annually for 20 years and the market capitalisation of Henan Shuanghui Investment & Development has jumped to about 100 billion yuan [HK$125.6 billion] from two billion yuan at the time of... https://www.scmp.com/business/china-business/article/1482459/wh-group-defends-remuneration-plan-two-top-executives?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1482459/wh-group-defends-remuneration-plan-two-top-executives?utm_source=rss_feed Mon, 14 Apr 2014 16:46:28 +0000 The mainland's WH Group, the world's largest pork processor, is seeking to raise up to US$4.3 billion through the issuing of new shares in its upcoming Hong Kong initial public offering, people familiar with the matter said. The size of the deal could grow to as much as US$6 billion if WH's current owners - including private equity firm CDH Group - decided to sell their shares, they said. At US$6 billion, the offer would be the Asia-Pacific region's biggest since insurer AIA Group raised US$20.5... https://www.scmp.com/business/china-business/article/1472363/us6b-tag-still-frame-wh-group-offering?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1472363/us6b-tag-still-frame-wh-group-offering?utm_source=rss_feed Wed, 09 Apr 2014 17:00:30 +0000