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WH Group Limited ( (HK:0288) ) just unveiled an announcement.
WH Group Limited announced the pricing and commencement of trading for Smithfield Foods’ shares on the Nasdaq Global Select Market, with the offer price set at US$20 per share. This move marks a significant step in the proposed spin-off of Smithfield Foods, allowing WH Group to enhance its strategic positioning in the global market. Additionally, a connected transaction was noted as Mr. Wan, the Chairman of the Board, agreed to purchase a substantial portion of the shares offered, indicating strong leadership commitment and potential positive impact for stakeholders.
More about WH Group Limited
WH Group Limited is a leading multinational meat and food processing company, primarily engaged in producing and marketing packaged meats and fresh pork. It has a significant market presence and is known for its acquisition of Smithfield Foods, the world’s largest pork processor and hog producer, focusing on expanding its global footprint.
YTD Price Performance: 5.11%
Average Trading Volume: 2,477
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.28B
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