Chinese news media report that Shuanghui
International, which bought Smithfield Foods in a $7.1-billion deal last year,
is getting set to market about $6 billion worth of shares.
The company, which also owns Henan Shuanghui
Investment & Development Ltd. which is China’s largest pork packing
company, could be ready to sell shares on the Hong Kong Stock Exchange as early
as next week, reports the South China Morning Post.
Shuanghui is said to have hired two Chinese
stock-market companies and four banks - Goldman Sachs, UBS, Morgan Stanley and
Standard Chartered – to handle the initial public offering of shares in the
company.
