<article>Beijing-based alternative investment firm <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/cdh-investments-said-to-lead-buyout-of-chinese-retailer-belle-70526/" target="_blank" rel="noopener noreferrer">CDH Investments</a> has divested its stake worth $730 million in China&#8217;s pork producer<a style="color: #000080;" href="https://www.dealstreetasia.com/stories/beijing-based-cdh-investments-dilutes-6-83-per-cent-in-pork-producer-wh-group-for-806-million-56707/" target="_blank" rel="noopener noreferrer"> WH Group</a> Ltd. It now holds only 3.24 per cent in the company.</article>

Beijing-based alternative investment firm <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/cdh-investments-said-to-lead-buyout-of-chinese-retailer-belle-70526/" target="_blank" rel="noopener noreferrer">CDH Investments</a> has divested its stake worth $730 million in China&#8217;s pork producer<a style="color: #000080;" href="https://www.dealstreetasia.com/stories/beijing-based-cdh-investments-dilutes-6-83-per-cent-in-pork-producer-wh-group-for-806-million-56707/" target="_blank" rel="noopener noreferrer"> WH Group</a> Ltd. It now holds only 3.24 per cent in the company.
This is the third stake sale by CDH since August last year. The firm clearly seems to be on an exit path for the investment that at one point was at a whopping 30 per cent.
In the latest stake sale, CDH has placed over 883.5 million shares in the Hong Kong-listed company representing approximately 6.03 per cent of the total issued share capital of the company at the price of HK$6.55 per share, WH Group said in a filing at the exchange on Saturday.
&#8220;As at the date of this announcement, the CDH Shareholders are collectively deemed to be interested in 1,358,848,831 Shares, representing approximately 9.27 per cent of the total issued share capital of the Company. Immediately upon completion of the Placing, the CDH Shareholders will be collectively deemed to be interested in 475,344,391 Shares, representing approximately 3.24 per cent of the total issued share capital of the Company as at the date of this announcement,&#8221; the announcement noted.
Earlier, in August last year CDH pared its stake in the company selling shares worth almost $1.2 billion. Later, in October it sold 6.83 per cent stake in the company for $806 million and reduced its stake from close to 20 per cent to 13 per cent.
The investment for CDH in the pork producer dates back to 2007 when it was known as Shuanghui International. At that time, Chinese investor had amassed a 30 per cent stake in the company over a period. However, since 2014, its stake has been going down.
WH Group operates business through three main segments, namely packaged meat products, fresh pork and hog production. In addition, it has other businesses which are ancillary to the primary business segments.
In China, these mainly include manufacturing and sales of packaging materials, provision of logistics services, operating a chain of retail grocery stores, producing flavoring ingredients and natural casings, and biological pharmaceuticals.
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China: CDH Investment continues to pare stake in pork producer WH Group to 3.24%

China: CDH Investment continues to pare stake in pork producer WH Group to 3.24%

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China: CDH Investment continues to pare stake in pork producer WH Group to 3.24%

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