Wilmar's China unit stock soars on ChiNext debut after record $2b IPO

Wilmar's China unit stock soars on ChiNext debut after record $2b IPO

A screen shows real-time data of transactions at Alibaba Group's 11.11 Global shopping festival opening, in Shenzhen, Guangdong province, China, November 11, 2016. REUTERS/Stringer

Kuok Khoon Hong has pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering on the Shenzhen Stock Exchange, thanks to the most popular cooking oil brand in the country.

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