Wilmar sees active trading after announcing China unit's IPO price

YKA's listing is expected to raise 13.9 billion yuan, with Singapore's sovereign wealth fund GIC one of several strategic investors

Published Thu, Sep 24, 2020 · 09:50 PM

wilmar international

Singapore

SHARES of Wilmar International saw heavy trading on Thursday after it announced that the proposed listing of its 99.99 per cent-owned China subsidiary, Yihai Kerry Arawana (YKA), will carry an issue price of 25.7 yuan per share and is expected to raise 13.9 billion yuan (S$2.81 billion).

The counter was the most traded stock by value on the Singapore bourse on Thursday. The agri-food giant had called for a trading halt on Wednesday morning, which it lifted on Thursday before market opens.

Its shares began the day at a high of S$4.425, before …