Smithfield pork company which is the largest producer of pork, in the United States, and also the third largest in the world, was bought out in 2014 by a group called WH group. This transaction was $4.7 billion. And the WH group, formerly known as Shuanghui Group, bought it for a 30% premium. It took Chinabank one day to approve this loan and Chinabank is ran by the Chinese government. The president of WH group, was appointed by the Chinese government to run this company and he’s been doing so for a long time, he’s a billionaire because of it. … Continue reading Smithfield Bought By Chinese Company