CDH raises $1.2b via sell down of China-based WH Group
CDH Investments, the largest PE shareholder in WH Group, will raise HK$9.25 billion ($1.19 billion) by exiting a 10.6% stake in the Chinese pork processor.
WH said in a filing that CDH would sell an aggregate 1.55 billion shares at HK$5.95 apiece, which represents a 5% discount to the last trading price. The transaction includes multiple tranches: 880 million...
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