WH Group of China has filed to list the Smithfield Foods U.S. subsidiary. In a petition to the Securities and Exchange Commission the holding company registered in Hong Kong, intends to offer 20 percent of the shareholding of Smithfield Foods to be traded on either the NYSE or NASDAQ at a time to be announced.
WH Group, the World’s largest pork producer posted earnings of $694 million on sales of $12,293 million for the two sequential quarter ending June 30th 2024. Comparable values for the corresponding two quarters of the previous fiscal year were earnings of $383 million on sales of $13,116 million.
Smithfield Foods was acquired by the WH Group for $4.7 billion in 2013 and was delisted from the NYSE.