Shuanghui International Intends to Be Listed in Hong Kong to Raise $ 6 Billion

By CnAgri2014-01-03 10:15:40 Print According to the report on November 6, Shuanghui International prepares to be listed in Hong Kong in 2014, the company intends to sell up to half of the shares, expected to raise $ 6 billion, which will be one of the highest initial public offerings (IPO) since American International Assurance (AIA) was listed in Hong Kong market with the amount of $ 20 billion.

　　Informed sources said that, Shuanghui International tentatively scheduled for being listed in the first half of 2014, it has hired 6 banks to help repay its $ 7 billion of debt due to its acquisition of the U.S. pork company - Smithfield Foods, and allowed its private equity investors to get a chance to exit the investment.

From "China Food Additives Market Monthly Report"