WH Group shares plunge by the most in four months as family feud pits son against father at China’s biggest pork producer

//WH Group shares plunge by the most in four months as family feud pits son against father at China’s biggest pork producer

WH Group shares plunge by the most in four months as family feud pits son against father at China’s biggest pork producer

WH Group, the world’s largest pork producer, is coming under the media spotlight again as a new twist in the family feud shaved US$1.4 billion off its market value.One of the sons of its founder, who was stripped of his directorship in June, alleged that his father and the former finance chief took wrong financial decisions that led to losses at the company. WH Group denied the allegations.The feud dragged its Hong Kong-listed shares 11.3 per cent lower to HK$5.95 on Wednesday, the biggest one…

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By | 2021-08-18T13:00:18+00:00 August 18th, 2021|Business|Comments Off on WH Group shares plunge by the most in four months as family feud pits son against father at China’s biggest pork producer