Source: Lisa M. Keefe, MEATINGPLACE, 5/22/17



CDH Investments, one of China’s longest-running private equity funds, plans to sell 883.5 million shares of its stake in WH Group, parent company to Smithfield Foods, to “independent third parties,” according to a report in Hong Kong-based The Standard.

The planned sale represents about 6 percent of WH Group’s total issued share capital. The stock, priced at HK$6.55 a share, will raise about HK$5.78 billion for CDH. After the share placement, CDH's stake in WH Group will drop to about 3.24 percent from about 9.27 percent.

When WH Group bought Smithfield in 2013, CHD Investments was one of the initial investors. It has been paring back its investment over a period of years.

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