WH: the big piggy that went to market again

It could yet succeed a second time, helped by improved market sentiment, a slimmed-down syndicate team, tighter pricing and record quarterly earnings.

WH Group, the Chinese pork producer that yanked its high-profile $5 billion initial public offering in April, is coming back to market, this time with the aim of raising around $2 billion.

The company said in a July 10 filing with the Hong Kong Exchange that it is once again seeking approval from the city’s exchange to float its shares. The timing has not been finalised but once the Hong Kong Exchange grants approval, which takes two-to-three weeks, the bookbuild could start soon after.

There were no details in the filing on the fundraising size, how many shares it hopes to float or what the new...

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