Shareholders of WH Group (HKG:0288) will meet on Dec. 6 to vote on the proposed spin-off of its unit Smithfield Foods and plans for a separate listing of Smithfield's shares on the New York Stock Exchange or Nasdaq, according to a Sunday bourse filing.
The firm had submitted an application to the Hong Kong Stock Exchange regarding the proposed spin-off in July.
Shares of the meat and food processing company closed over 1% higher on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments