Hong Kong stocks see another spin-off listing in the US, WH Group plans to "send its child" to the US for an IPO

WH Group plans to spin off its Smithfield business operating in the United States and Mexico for independent listing on the New York Stock Exchange or NASDAQ. In 2013, WH Group acquired Smithfield for $7.1 billion, making it one of the largest M&A deals by a Chinese company in the U.S. at that time. Following the completion of the transaction, Smithfield was delisted from the NYSE. If successful, WH Group's spin-off listing will mark Smithfield's return to the U.S. stock market after more than a decade