THE world's biggest pork producer says it plans to raise up to $US5.3 billion ($A5.66 billion) in an initial public offering on the Hong Kong stock exchange.
China's WH Group said late on Monday it was selling 3.65 million shares priced at between 8 and 11.25 Hong Kong dollars ($A1.10 -$A1.55).
That would raise between $US4.1 billion and $US5.3 billion for WH Group, formerly known as Shuanghui International Holdings.
The company is a pork behemoth after buying the largest US pork company, Smithfield Foods Inc., less than a year ago for $US4.7 billion in cash.
Most of the proceeds from the IPO will be used to pay off the loan that the company took out to buy Smithfield Foods.
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