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WH Group ( (HK:0288) ) has shared an announcement.
WH Group Limited announced that Mr. Wan, the Chairman of the Board, has agreed to purchase 1,800,000 shares in the Smithfield Secondary Offering for approximately US$41.85 million. This transaction underscores Mr. Wan’s confidence in Smithfield’s future development and is considered beneficial for the company and its shareholders. Despite not being a regular business activity for WH Group, the board views the transaction as fair and reasonable, with Smithfield remaining a subsidiary and its financial results consolidated into WH Group’s statements.
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, incorporated in the Cayman Islands, is primarily engaged in the production and sales of packaged meats and fresh pork. The company has been listed on the Main Board of the Stock Exchange since August 2014. Smithfield, a subsidiary of WH Group, operates the group’s business in North America.
YTD Price Performance: 55.60%
Average Trading Volume: 25,146,570
Technical Sentiment Signal: Buy
Current Market Cap: HK$107B
For an in-depth examination of 0288 stock, go to TipRanks’ Overview page.