WH Group (HKG:0288) shareholders approved the spinoff of unit Smithfield Foods and subsequent listing in the US, according to a Friday filing with the Hong Kong Exchange.
The pork producer said 99.4% of shareholders approve of the spin-off on either the Nasdaq or the New York Stock Exchange, the filing said.
Smithfield is a food company with operations in the US and Mexico.
WH Group applied for the spinoff in July.
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