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China's CDH to raise up to $743 mln from WH Group stake sale -IFR
May 19, 2017 / 10:53 AM / 6 months ago

China's CDH to raise up to $743 mln from WH Group stake sale -IFR

HONG KONG, May 19 (Reuters) - Chinese private equity investor CDH Investments is selling a 6 percent stake in WH Group Ltd (0288.HK), the world’s largest pork supplier, in a deal that will raise up to $743 million, according to a term sheet seen by IFR.

CDH is selling 884 million shares at an indicative price range of HK$6.51 to HK$6.58 per share, a discount of as much as 6.5 percent of WH Group’s closing price on Friday, IFR, a Thomson Reuters publication, reported.

CDH and WH Group did not respond to a Reuters request for immediate comment. (Reporting by Fiona Lau; writing by Julie Zhu; editing by Jason Neely)

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