The issue is who owns Smithfield Foods.
Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value. It was the largest Chinese acquisition of an American company to date.
My issue was: Smithfield Foods. SWINE Processing Plant. Located on the PAGAN RIVER. On SPUR 666 just off Route 10.
Correct.
[The issue is who owns Smithfield Foods.
Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value. It was the largest Chinese acquisition of an American company to date. ]
https://www.breakingviews.com/considered-view/china-criticism-makes-even-li-ka-shing-defensive/
https://www.irishtimes.com/business/economy/hong-kong-s-superman-li-ka-shing-rejects-claims-he-is-abandoning-china-1.2379435
Think of the Communist Party as an oversized parasitic triad gang, and private businessmen in China as the host on which the parasites feed. A good number of foreign stock offerings are a way for Chinese businessmen to avoid the clutches of the all-encompassing countrywide shakedown racket that has been the Chinese government since time immemorial.