Examples of WH Group in a sentence
WH Group Limited (the “Company”) was incorporated and registered as an exempted company with limited liability in the Cayman Islands under the Companies Law of the Cayman Islands.
If Management was overstating Company revenue, then sales to WH Group would likely represent far less than the current mix.
For example, Management could inflate sales and justify it by claiming that since WH Group represents 5% of the pork market, it also represents 5% of total sales.
However, sales to WH Group have remained relatively stable since 2008.
This Second Supplemental Indenture and Parent Guarantee, dated as of December 7, 2016 (this “Supplemental Indenture” or “Guarantee”), among WH Group Limited, a Cayman Islands limited liability company (the “Parent Guarantor”), Smithfield Foods, Inc.
Mr. LEE currently also serves as an independent non-executive director of the following companies: Chaowei Power Holdings Limited, West China Cement Limited, China Modern Dairy Holdings Ltd., GOME Retail Holdings Limited, Tibet Water Resources Ltd., Yashili International Holdings Ltd., GCL New Energy Holdings Limited, WH Group Limited, China Rundong Auto Group Limited (all shares of which are listed on the main board of the Stock Exchange) and Guotai Junan Securities Co., Ltd.
Second, if Shenguan was overstating its revenue, it is likely that total company sales would grow faster than sales to WH Group.
Between 2008 and 2014, sales to WH Group have accounted for approximately 30-40% of total Company sales: Exhibit 4Shenguan Revenue Composition100%80%60%40%20%0%2006 2007 2008 2009 2010 2011 2012 2013 2014WH Group salesAll other salesSource: Company filings There are two take-aways from this graph: First, it’s important to note that prior to the Smithfield acquisition, WH Group accounted for approximately 5% of the pork market in China,14 yet contributes to over one-third of Shenguan’s total sales.
Having confirmed that Shenguan’s reported sales to WH Group are accurate, we are confident that the Company’s total reported sales are also accurate (notwithstanding the aforementioned tax proof).
The proposed algorithmic process will have to compensate for penalty factors influ- encing the coherence region.