Farms.com Home   Ag Industry News

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.
 

 


Trending Video

Swine Industry Advances: Biodigesters Lower Emissions and Increase Profits

Video: Swine Industry Advances: Biodigesters Lower Emissions and Increase Profits

Analysis of greenhouse gas (GHG emissions) in the Canadian swine sector found that CH4 emissions from manure were the largest contributor to the overall emissions, followed by emissions from energy use and crop production.

This innovative project, "Improving Swine Manure-Digestate Management Practices Towards Carbon Neutrality With Net Zero Emission Concepts," from Dr. Rajinikanth Rajagopal, under Swine Cluster 4, seeks to develop strategies to mitigate greenhouse gas emissions.

While the management of manure can be very demanding and expensive for swine operations, it can also be viewed as an opportunity for GHG mitigation, as manure storage is an emission source built and managed by swine producers. Moreover, the majority of CH4 emissions from manure occur during a short period of time in the summer, which can potentially be mitigated with targeted intervention.

In tandem with understanding baseline emissions, Dr. Rajagopal's work focuses on evaluating emission mitigation options. Manure additives have the potential of reducing manure methane emissions. Additives can be deployed relatively quickly, enabling near-term emission reductions while biodigesters are being built. Furthermore, additives can be a long-term solution at farms where biogas is not feasible (e.g., when it’s too far from a central digester). Similarly, after biodigestion, additives can also be used to further reduce emissions from storage to minimize the carbon intensity of the bioenergy.