date:May 05, 2014
The WH Group, the parent company of Smithfield Foods and the Chinese pig meat processor Shuaghui, has stopped the flotation of the company on the Hong Kong Stock Exchange.
The company said it has made the decision not to proceed with the IPO because of deteriorating market conditions and recent excessive market volatility.
The company consulted the Joint Sponsors and decided that the Global Offering should not proceed at this time.
The International Underwriting Agreement relating to the Inte