Hong Kong's WH Group seeks shareholder approval for US unit spin-off, listing

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Hong Kong's WH Group seeks shareholder approval for US unit spin-off, listing
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Hong Kong-based WH Group, the world's largest pork producer, is seeking shareholder approval for the proposed spin-off of its U.S. unit Smithfield Foods and plans to list the business in the U.S.

FILE PHOTO: Workers sort cuts of fresh pork in a processing plant of pork producer WH Group in Zhengzhou, Henan province China, November 24, 2017. REUTERS/Dominique Patton/File PhotoHong Kong-based WH Group, the world's largest pork producer, is seeking shareholder approval for the proposed spin-off of its U.S. unit Smithfield Foods and plans to list the business in the U.S.

The Hong Kong firm first submitted the application for the proposed spin-off application for Smithfield Foods in July, planning to list the unit either on the New York Stock Exchange or Nasdaq.

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