China's CDH to raise up to $743 million from WH Group stake sale: IFR
May 19, 2017 | 8:12am EDT
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 declined to comment.
(Reporting by Fiona Lau of IFR; writing by Julie Zhu; editing by Jason Neely and David Evans)