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12.09.2010 14:47

Off the Chopping Block, Onward for Shuanghui

Divisions that split China's biggest meatpacker Shuanghui and investors are about to end with a unique restructuring
By staff reporters Shen Hu and Li Qing
 

(Luohe) – Shuanghui means "two converging rivers" in Chinese, and it's an appropriate name for China's largest meat processing company now that it's making waves with a first-ever asset restructuring and management buyout project.

The company has struggled with a split personality since 1998, when it was divided into the parent Shuanghui Group and an A-share listed platform Shuanghui Development. The dual entities have actually competed against each other in the meatpacking business.

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