21 August 2019

WH Group may raise US$6 bln in HK IPO, paper says

Pork producer WH Group Ltd., formerly known as Shuanghui International Holdings Ltd., is expected to raise up to US$6 billion from its initial public offering in Hong Kong, the 21st Century Business Herald reported Thursday, citing a source with knowledge of the matter. It could be the biggest IPO in Hong Kong this year as Alibaba Group and Li Ka-shing’s retail flagship A.S. Watson & Co. turn to other stock exchanges for their listings, the report said. Trading in WH shares could start in late April. The company hired BOC International Holdings Ltd., CITIC Securities International, DBS Bank, Goldman Sachs, Morgan Stanley, Standard Chartered Bank and UBS AG as sponsors and a record 28 underwriters, the report said. A WH Group spokesman declined to comment.

– Contact HKEJ at [email protected]



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