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WH Group ( (HK:0288) ) has issued an update.
WH Group Limited announced a secondary public offering of 16,000,000 shares of its subsidiary, Smithfield Foods, Inc., through SFDS UK Holdings Limited. This offering, managed by Morgan Stanley, BofA Securities, and Barclays, will not result in Smithfield selling any shares or receiving proceeds. The offering is part of WH Group’s strategic move to reduce its shareholding in Smithfield, following a previous IPO in January 2025. Despite this reduction, Smithfield will remain a subsidiary of WH Group, and the transaction will not require additional disclosure under Hong Kong’s Listing Rules.
The most recent analyst rating on (HK:0288) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on WH Group stock, see the HK:0288 Stock Forecast page.
More about WH Group
WH Group Limited is a leading global food company primarily engaged in the production and sale of packaged meats and fresh pork. The company operates in the food industry with a focus on providing high-quality meat products to consumers worldwide.
Average Trading Volume: 25,364,490
Technical Sentiment Signal: Buy
Current Market Cap: HK$107.8B
For detailed information about 0288 stock, go to TipRanks’ Stock Analysis page.