07-04-2014 02:22 AM | China

Shadow of safety scandal still looms over top pork firm

Food safety is a big concern in China, where consumers have been stung by carcinogenic chemicals and dangerous additives found in the processing chain. Now WH Group, the Sino-US pork group formerly known as Shuanghui, is testing investors' appetite for its proposed US$6 billion offering in Hong Kong, in what could be the largest deal for the city this year.

Growth prospects for China's largest meat processor remain intact, but investors shouldn't forget the lean meat powder scandal that triggered a public outrage over the country's persistent food quality issues.
Full Story : South China Morning Post