The lockup period ended at the close yesterday but as the stock. at $5.60, is below the IPO price the market doesn't seem too concerned.
Speaking of high-on-the-hog, fat-and-sassy types we have this from the link-vault:
From the PigSite:
Chinese Pig Farms Bring Home Bacon for Banks
Zou Changkui, a 59-year-old pig farmer from the southern Chinese city of Longyan, is waiting for a call from Goldman Sachs that will change his life.
"I heard they have bought a lot of pig farms in Nanping, but they have not approached me yet," he said. But he has not lost hope. "If they want to buy my farm, I would say yes - providing we have a win-win agreement."
The US investment bank has sent ripples through the Chinese pork industry after reportedly spending between £150m and £200m this month on a series of hoggeries in Fujian, Jiangxi and Hunan, the heart of China's green belt.
It may be an unorthodox investment, but Goldman Sachs is not the only major bank on the hunt for hogs. Last year, Deutsche Bank launched the DWS Global Shennong Fund specifically to invest in agriculture.
Jiang Hua, the chief executive of Hongbo, an enormous Shanghai-based pig farm, said the German bank wanted to buy a 30 per cent stake for £30m. Deutsche Bank is reportedly spending a similar amount for a slice of Baodi, a Tianjin hoggery....MORE
