16 February 2019

Shuanghui eyes US$1 bln IPO in Hong Kong in 2014, paper says

Chinese meat processor Shuanghui International Holdings Ltd. is planning an initial public offering on the Hong Kong stock exchange next year to raise about US$1 billion after it completed its buyout of Smithfield Foods Inc. in September, the Hong Kong Economic Times reported Thursday, citing other media reports. The company will begin an organizational revamp before the share sale, the report said. Initial investors will include Singapore’s sovereign wealth fund Temasek Holdings, Goldman Sachs and mainland venture capital firm CDH Investments, the report said.

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