Chinese private equity firm CDH Investments raised HK$7 billion $900 million by selling about one-third of its stake in WH Group through an overnight block trade on Wednesday, taking advantage of the stock’s rally since its full-year results in late March.
Market participants familiar with the Chinese pork producer should not be surprised by CDH’s decision. In fact, the private equity firm was one of WH Group’s pre-IPO investors that intended to sell its shares in the company’s failed attempt to list in April 2014.
CDH and other pre-IPO investors Goldman Sachs, Temasek and New Horizons were forced to abandon the secondary share sale when...
¬ Haymarket Media Limited. All rights reserved.
