date:Apr 10, 2014
cly disclosed.
At $6 billion, the IPO would be the Asia-Pacific region's biggest since insurer AIA Group Ltd raised $20.5 billion in 2010. The sale, the proceeds of which will be used to pay down debt that WH Group took to acquire Smithfield Foods Ltd last year, is set to be launched on Thursday.
WH Group plans to sell 2.923 billion new shares in an indicative range of HK$8.00-11.25 per share, valuing the primary portion of the IPO at up to HK$32.9 billion ($4.3 billion), the people said.
WH