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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

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

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Heavy trading

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.

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