WH Group to Offer up to 20% of Smithfield Shares in US Listing.

STOCK prices; NASDAQ Stock Market; NEW York Stock Exchange; CAPITAL investments; GOING public (Securities); SCHEDULING; INFRASTRUCTURE funds

WH Group Ltd., the world's largest pork producer, plans to list up to 20% of shares of its subsidiary Smithfield Foods Inc. on the New York Stock Exchange or NASDAQ. The proposed share sale aims to raise at least $1 billion for Smithfield, which plans to use the funds for capital investments in infrastructure, automation, and expanding packaged meats capacity. WH Group did not specify a share price or timeframe for the offering and is awaiting approval from US authorities. [Extracted from the article]

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