Shuanghui International
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Shuanghui International

Smithfield Foods is reopening its South Dakota plant in the US in stages after President Donald Trump ordered the nation’s meat processing facilities to stay open to meet food shortages. Photo: Reuters
Coronavirus pandemic

WH Group’s US pork processing plant reopens amid coronavirus controversy

Smithfield Foods, a US unit of China’s biggest pork company, has reopened its processing facility despite a coronavirus outbreak in meat plants across America.

Smithfield Foods

World’s largest pork producer diversifies its way through trade war

Inside China's largest meat production plant

WH Group

Chinese pork giant WH Group may eye major acquisitions by end of 2017

WH Group took on hefty debt when it bought Smithfield Foods for US$4.7 billion in 2013. Photo: Reuters
Lenovo

Chinese tech firms more confident in facing US national security review

Morgan Stanley

Exclusive | WH Group at odds with Morgan Stanley over fresh IPO pitch

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.

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Mr Shangkong

Mr. Shangkong | Big-name banks no guarantee for IPO success

The failure of top mainland pork producer Shuanghui's US$6 billion initial public offering - once slated to be Asia's biggest this year - offers at least two lessons - never overestimate the power of investment banks and never just go for big names.

WH Group was initially forced to cut the size of its share offering before it was eventually cancelled because of cool market response.
Smithfield Foods

Series of blunders forced WH to shrink IPO

On the face of it, an initial public offering for WH Group, the world’s biggest pork company, should have been an easy sell.

IPO

Pork producer WH lowers IPO price range

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.

IPO

Exclusive | Shuanghui could soon salve Hong Kong bourse's wounds with its IPO

Shuanghui International's listing plans involve grouping all the company's assets under the new name of WH Group. Photo: ChinaFotoPress
IPO

Appetite for Huisheng IPO bodes well for fellow pork producer WH's listing

China is the world's biggest consumer of pork products. Photo: Reuters

Shuanghui adds 10 banks for Hong Kong WH Group listing

Breaking | JPMorgan, Credit Suisse among 10 banks to join Shuanghui IPO syndicate

IPO

Exclusive | Shuanghui to apply next week for US$6 billion Hong Kong IPO, sources say

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's pork-processing plant in Henan province got a major boost after the acquisition of US pork producer Smithfield Foods. Photo: Reuters
Smithfield Foods

Chinese companies target US and UK

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, with meat-processing plants across the mainland, had to overcome opposition in the United States to its takeover of Smithfield Foods. Photo: EPA
Smithfield Foods

Shuanghui to import more 'clean' pork from new Smithfield unit

Smithfield Foods

Shuanghui wins over Smithfield shareholders

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.

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Smithfield Foods

Shuanghui closer to Smithfield approval

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

US unlikely to block Chinese purchase of Smithfield

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.

Smithfield Foods

US likely to approve Chinese purchase of Smithfield

Smithfield Foods

Smithfield investor seeks to block Shuanghui deal

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.

Starboard believes Smithfield is being sold too cheaply.
Smithfield Foods

Bilateral talks bring investment boost closer

Shuanghui International. Photo: EPA
Smithfield Foods

US should approve Smithfield Foods purchase

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's Smithfield bid sparks US worries over supply of drug heparin

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.

Smithfield Foods

Shuanghui plans Hong Kong IPO after Smithfield deal

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.

A Hong Kong IPO for a merged Shuanghui-Smithfiled group would allow it to trade in a market that would place a higher valuation on the stock than the US or other exchanges. Photo: EPA
Smithfield Foods

Art of persuasion can help Chinese companies find global welcome

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 Shuanghui International to buy US firm Smithfield Foods has raised questions about the price of overseas acquisitions. Photo: Reuters
Smithfield Foods

US senators want security probe over pork takeover

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.

Smithfield Foods

Smithfield urged to consider break-up

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Shuanghui International
Shuanghui International
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.
last updated:
2 October, 2024
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