date:Apr 21, 2014
The world's biggest pork company has deployed 29 banks to market its up to $5.3 billion Hong Kong IPO in the hopes of getting a better price for its shares in a volatile market. But instead of creating a buzz, the underwriters are creating confusion.
China's WH Group Ltd is pricing its shares this week as it raises funds to help repay loans taken to finance its $4.9 billion acquisition of U.S.-based Smithfield Foods Inc last year.
WH Group is looking to price its shares between HK$8.00 and HK$