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The latest update is out from WH Group Limited ( (HK:0288) ).
WH Group Limited announced a proposed spin-off and separate listing of its subsidiary, Smithfield Foods, Inc., on the Nasdaq Global Select Market. The preliminary offering includes 17,400,000 shares from both Smithfield and its indirect subsidiary SFDS, with an expected price range of US$23.00 to US$27.00 per share. This move is subject to regulatory approvals and market conditions. Shareholders and potential investors are advised to exercise caution as there is no guarantee of the listing’s completion.
More about WH Group Limited
WH Group Limited is a company incorporated in the Cayman Islands, operating within the food industry. It focuses on the production and sale of packaged meat and fresh pork products, with Smithfield Foods, Inc. as one of its major subsidiaries.
YTD Price Performance: 2.10%
Average Trading Volume: 1,112
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.22B
For detailed information about 0288 stock, go to TipRanks’ Stock Analysis page.
