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Wilmar shares end lower while China unit YKA makes sizzling debut
Wilmar drops 6.4% in heavy trading; YKA finishes at 56 yuan, more than double the IPO issue price of 25.7 yuan
Published Thu, Oct 15, 2020 · 09:50 PM
Singapore
WILMAR International's share price lost ground as high volumes changed hands on Thursday, even as its Chinese subsidiary shone on its first day of trading in Shenzhen.
Within the first 20 minutes of trading, the Singapore-listed stock had gained 1.7 per cent or S$0.08 to hit S$4.74. But it quickly tumbled to a low of S$4.26 at around 10.13am, dropping 8.6 per cent or S$0.04 from Wednesday's close.
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