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China’s Smithfield Investors Look to Hong Kong for IPO

Source Says Smithfield Plans to List Company in Hong Kong Stock Exchange after Takeover

By Amanda Brodhagen, Farms.com

China’s Smithfield Foods Inc. bidders - Shuanghui International Holdings may list the company in Hong Kong if the proposed takeover goes through. Knowledge of this planned move was first reported by Reuters who obtained the information from an anonymous source.

The greater appetite for risk in Hong Kong would allow the new company to achieve a higher market capitalization in its IPO, compared to for example the New York Stock Exchange, where Smithfield is currently listed.

Hong Kong is an established international trade centre - its free market economy provides a reliable exit route for investors overseas if and when they decide to sell their holdings. These companies include Goldman Sachs and New Horizons.

Smithfield said it was not aware and would not speculate if the combined company’s rumoured plan is to list in the Hong Kong Stock Exchange. The value of the deal was pegged at $7.1-billion, including debt.
 

 


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Carson, the 6th Gen Farmer, is a young farmer dedicated to promoting agriculture through funny and entertaining content. He is passionate about precision agriculture and implementing it into the family farm. Carson, along with his brother (Chris) and father (Ryan) carry on the family legacy in South Western Minnesota and explain the processes to educate farmers and consumers alike. If you like to watch and learn about John Deere, Farm equipment, precision agriculture, or the hilarious interactions between the family members on a daily basis 6th Gen Farmer is the place for you!
 

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