Wilmar’s China unit gets approval for Shenzhen Stock Exchange IPO

IPO

Singapore agribusiness Wilmar International on Wednesday said its China business, Yihai Kerry Arawana, has received final registration approval for its initial public offering.

The listing of YKA on the Shenzhen Stock Exchange ChiNext Board is expected to take place by mid-October, the company said in a statement. YKA hopes to fund some 13.9 billion yuan ($2 billion) of investment projects it has identified from the proceeds of the listing, a Wilmar spokeswoman said.

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