Chinese hog breeder New Hope Liuhe eyes $600m from stake sales in two units

Chinese hog breeder New Hope Liuhe eyes $600m from stake sales in two units

Illustration/Photo: Internet Archive

Chinese animal feed and hog producer New Hope Liuhe plans to raise 4.2 billion yuan ($589.13 million) by selling majority stakes in two of its units, it said late on Friday, as it seeks to replenish capital after months of losses from pig farming.