SG's Wilmar eyes regulators' approval for China IPO early next year

Photo by Duy Nguyen on Unsplash

Singapore agribusiness Wilmar International hopes to receive regulatory approval early next year for the initial public offering of its China business, Yihai Kerry Arawana Holdings (YKA), it said on Thursday.

Wilmar, which is valued at more than $19 billion, had announced its intention to list the business in 2017, after having shelved plans for a roughly $3-billion listing of its Chinese unit in Hong Kong in 2009.

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