Chinese pork sausages
Media playback is unsupported on your device
Video

World's biggest pork firm in $5bn float

The world's biggest pork producer, China's WH Group, is hoping to raise more than $5bn from an initial public offering in Hong Kong later this month.

The world's largest pork producer, China's WH Group, is hoping to set a new record on the Hong Kong Stock Exchange, when its shares make their trading debut later this month.

It has hired a record number of banks to work on the initial public offering, which some analysts say could raise up to $5bn.

WH Group plans to use proceeds from the share sale to pay down debt which helped to finance its $4.9bn acquisition of American food company Smithfield Foods last year.

Juliana Liu reports from Hong Kong.

Watch more reports on Asia Business Report's website.