Wens Foodstuff plans $725m bond issue, reports strong 2024 results

Wens Foodstuff Group (SZSE:300498) is moving forward with a public offering of corporate bonds to qualified investors, with plans to issue up to CNY 5 billion (approximately $725 million USD), according to a new filing. The move aims to optimize its financing structure and lower costs. This bond issuance, authorized by the Board, follows the release of the company's 2024 financial results, which show a significant turnaround driven by its dual focus on pork and poultry.