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World's largest pork processor loses $2 billion following father-son's fight
short by Pragya Swastik / on Thursday, 19 August, 2021
China's WH Group, the world's largest pork processor, has lost $2 billion in market value in two days following a feud between the company's Chairman and his son. An article purportedly written by Chairman Wan Long's 52-year-old son accused Wan Long of failing to disclose $200 million in taxable income. This came days after 80-year-old Wan stepped down as CEO.
read more at BloombergQuint