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Shuanghui Group (it’s known as Shineway Group in English-speaking countries) is a privately owned meat processing company which is the largest meat producer in China.
- WH Group 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 tariffs on American pork
Take a tour inside China's largest meat production plant.
Take a tour inside China's largest meat production plant.
WH Group’s high-profile, on-off Hong Kong IPO could come back to the market at a discounted valuation of at least 20 per cent, fund managers have said.
WH Group’s high-profile, on-off Hong Kong IPO could come back to the market at a discounted valuation of at least 20 per cent, fund managers have said.
On the face of it, an initial public offering for WH Group, the world’s biggest pork company, should have been an easy sell.
On the face of it, an initial public offering for WH Group, the world’s biggest pork company, should have been an easy sell.
WH Group, the Sino-US pork producer formerly known as Shuanghui International, is marketing its US$6 billion share sale in Hong Kong at a lower valuation than previously sought amid a tepid market, people familiar with the deal said.
WH Group, the Sino-US pork producer formerly known as Shuanghui International, is marketing its US$6 billion share sale in Hong Kong at a lower valuation than previously sought amid a tepid market, people familiar with the deal said.
The United States and Britain have emerged as the bright spots for overseas Chinese investments lately, while China's investment in the rest of Europe has waned.
The United States and Britain have emerged as the bright spots for overseas Chinese investments lately, while China's investment in the rest of Europe has waned.
Shuanghui International's pending US$4.7 billion purchase of America's Smithfield Foods, the world's largest pork producer, does not involve sensitive areas like cutting-edge technology or telecommunications.
Shuanghui International's pending US$4.7 billion purchase of America's Smithfield Foods, the world's largest pork producer, does not involve sensitive areas like cutting-edge technology or telecommunications.
A group of 15 US senators from both the Republican and Democratic parties has urged the Obama administration to consider whether the proposed sale of Smithfield Foods to the Chinese meat company Shuanghui International posed a threat to the US food supply that could justify blocking the deal.
A group of 15 US senators from both the Republican and Democratic parties has urged the Obama administration to consider whether the proposed sale of Smithfield Foods to the Chinese meat company Shuanghui International posed a threat to the US food supply that could justify blocking the deal.
The US$4.7 billion deal by meat processing enterprise Shuanghui International to buy the US firm Smithfield Foods has again raised questions about the price of overseas acquisitions. Is it wise for Shuanghui to acquire the US pork producer at over 30 per cent premium without any requirements?
The US$4.7 billion deal by meat processing enterprise Shuanghui International to buy the US firm Smithfield Foods has again raised questions about the price of overseas acquisitions. Is it wise for Shuanghui to acquire the US pork producer at over 30 per cent premium without any requirements?
The US government should soon give the go-ahead for the largest ever Chinese acquisition of a US company: a Chinese food group’s US$4.7 billion deal to buy Smithfield Foods, a person familiar with the matter told Reuters.
The US government should soon give the go-ahead for the largest ever Chinese acquisition of a US company: a Chinese food group’s US$4.7 billion deal to buy Smithfield Foods, a person familiar with the matter told Reuters.
China’s Shuanghui International, which has agreed to buy US pork producer Smithfield Foods for US$4.7 billion (HK$36.46 billion), plans to list the combined company in Hong Kong after completing the takeover, people with knowledge of the matter said.
China’s Shuanghui International, which has agreed to buy US pork producer Smithfield Foods for US$4.7 billion (HK$36.46 billion), plans to list the combined company in Hong Kong after completing the takeover, people with knowledge of the matter said.
US lawmakers are concerned a Chinese company's planned US$4.7 billion acquisition of pork producer Smithfield Foods could affect the safety and availability of heparin, a blood-thinner widely used in heart surgery and kidney dialysis that is derived from pig intestines.
US lawmakers are concerned a Chinese company's planned US$4.7 billion acquisition of pork producer Smithfield Foods could affect the safety and availability of heparin, a blood-thinner widely used in heart surgery and kidney dialysis that is derived from pig intestines.
Shuanghui International, China's largest meat processor, plans to apply as early as next week for a listing on the Hong Kong stock exchange to raise up to US$6 billion, making it one of the biggest initial public offerings in Asia in recent memory, said people familiar with the situation.
Shuanghui International, China's largest meat processor, plans to apply as early as next week for a listing on the Hong Kong stock exchange to raise up to US$6 billion, making it one of the biggest initial public offerings in Asia in recent memory, said people familiar with the situation.
One of US pork producer Smithfield Foods' largest shareholders said yesterday that it plans to vote against a proposed takeover by China's largest meat producer because it wants more time to seek other offers that would provide greater shareholder value.
One of US pork producer Smithfield Foods' largest shareholders said yesterday that it plans to vote against a proposed takeover by China's largest meat producer because it wants more time to seek other offers that would provide greater shareholder value.
Shuanghui International is close to securing shareholder approval for its US$4.7 billion offer for Smithfield Foods - which would be the biggest purchase of a US company by a Chinese firm - three people familiar with the matter said.
Shuanghui International is close to securing shareholder approval for its US$4.7 billion offer for Smithfield Foods - which would be the biggest purchase of a US company by a Chinese firm - three people familiar with the matter said.
Smithfield Foods shareholders have voted in favour of Shuanghui International's US$4.7 billion deal, approving the largest Chinese purchase of a United States company.
Smithfield Foods shareholders have voted in favour of Shuanghui International's US$4.7 billion deal, approving the largest Chinese purchase of a United States company.