WH Group to chop IPO in HK

WH Group Ltd, formerly known as Shuanghui International Holdings Ltd, said on Wednesday that it will reduce and postpone its Hong Kong initial public offering.

Market observers said the issue, which had been expected to be the largest so far this year in Hong Kong, might be cut in half.

"The company may reduce the size of the global offering and accordingly publish a supplemental prospectus, which would result in a short delay in the timetable," said the world's largest meat processer in an announcement to the stock exchange.