Corporate digest

Wilmar International

YIHAI Kerry Arawana (YKA), the Chinese unit of Wilmar International that is pursuing an initial public offering (IPO), expects to post a profit of between four billion yuan (S$788 million) and 4.6 billion yuan for the nine months ended September (9M FY2020). This would mark a year-on-year increase of between 15 and 30 per cent in YKA's bottom line, Wilmar disclosed in a bourse filing. The forecast was newly revealed in YKA's updated prospectus, which it submitted for final registration approval for its listing bid on the Shenzhen Stock Exchange's ChiNext Board. YKA expects its revenue for 9M FY2020 to fall between 131 billion and 137 billion yuan.

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