Brokers' take

Wilmar International | Buy (maintained) July 15 close: S$3.83 Target price: S$3.86 DBS Equity Research, July 15

Wilmar International's subsidiary Yihai Kerry Arawana Holdings (YKA)'s application to list on the Shenzhen Stock Exchange has been accepted by the China Securities Regulatory Commission (CSRC) and is currently awaiting approval by the regulator.

Subject to CSRC's approval of Wilmar's listing application, the plan is to list around 10 per cent of YKA shares on the exchange with no secondary offering.