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WH GROUP (00288.HK) Mulls Spinning Off Smithfield for US IPO
WH GROUP (00288.HK) plans to spin off Smithfield Foods, which operates in the US and Mexico, for a US IPO, with the group's stake expected to drop to about 80%. WH Group's ...
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WH GROUP (00288.HK) Mulls Spinning Off Smithfield for US IPO
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WH GROUP (00288.HK)  -0.090 (-1.261%)    Short selling $63.93M; Ratio 14.409%   plans to spin off Smithfield Foods, which operates in the US and Mexico, for a US IPO, with the group's stake expected to drop to about 80%. WH Group's stock price last rose by 1.1% to $6.24.

It is currently proposed that WH GROUP will provide the shareholders with an assured entitlement by way of a distribution in specie of existing shares of Smithfield or cash alternative, in proportion to their respective shareholdings in the company, WH GROUP stated.

Related NewsUBS Raises WH GROUP's TP to $7.4; 2024 Results Beat
Based on the preliminary estimate and expectation, the shareholders will be entitled to dividends in specie of Smithfield shares held by the company, representing approximately 0.35-0.45% of the total issued share capital of Smithfield as enlarged by the Smithfield offering.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-01 16:25.)

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