WH Group (00288) announced that on July 12, 2024 (after the trading session), it submitted a proposed split application to the HKEX in accordance with the Listing Rule 15 Application Guidance, which involves the separation of Smithfield Foods Limited's operations in the US and Mexico for independent listing on the New York Stock Exchange or Nasdaq. Smithfield Foods Limited is a business that operates globally and is a wholly-owned subsidiary of the company at the time of this announcement. It is anticipated that after the proposed split, Smithfield Foods in the US and Mexico will remain the subsidiaries of the company, and its financial performance will continue to be consolidated into the financial performance of the company.
Smithfield Foods Limited is a global food company and a wholly-owned subsidiary of the company as of the date of this announcement. It is expected that Smithfield Foods in the US and Mexico will remain the company's subsidiaries after the proposed split and its financial performance will continue to be consolidated into the company's financial performance.