Nov 18 (Reuters) - Hong Kong-based WH Group ( WHGRF ),

the world's largest pork producer, is seeking shareholder

approval for the proposed spin-off of its U.S. unit Smithfield

Foods and plans to list the business in the U.S.

WH Group ( WHGRF ) said on Sunday the underlying pre-money valuation

of the Smithfield Foods, the world's largest pork processor, for

the offering will be no less than the net asset value of the

unit, which is around $5.38 billion as of end September.

The Hong Kong firm first submitted the application for the

proposed spin-off application for Smithfield Foods in July,

planning to list the unit either on the New York Stock Exchange

or Nasdaq.

WH Group ( WHGRF ) seeks to receive shareholder approval for the

propositions via an extraordinary general meeting to be held on

Dec. 6.

Both companies did not immediately respond to a Reuters

request seeking details on the expected timeline and the offer

price.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Mrigank

Dhaniwala)