Hong Kong's WH Group seeks shareholder approval for US unit spin-off, listing

Quick Summary:

Hong Kong-based WH Group, the world's largest pork producer, is seeking shareholder approval for the proposed spin-off of its U.S.unit Smithfield Foods and plans to list the business in the U.S.

Both companies did not immediately respond to a Reuters request seeking details on the expected timeline and the offer price.

WH Group seeks to receive shareholder approval for the propositions via an extraordinary general meeting to be held on Dec.6.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: Hong Seeking Foods Producer Unit World Shareholder Pork Group Largest Smithfield

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 13:16:14 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 229 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23650239

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