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Wilmar shares rise on China unit's IPO nod

Listing may help "unlock value" and boost Wilmar's share price: analysts

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Published Thu, Sep 17, 2020 · 09:50 PM

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Shares rally

Singapore

SHARES in Wilmar International rallied 1.16 per cent on Thursday, even as the local benchmark declined, after the mainboard-listed agribusiness said its Chinese unit has received the final approval from the China Securities Regulatory Commission for an initial public offering (IPO).

The listing of Yihai Kerry Arawana (YKA) on the Shenzhen Stock Exchange's ChiNext Board is expected to take place by mid-October, Wilmar announced on Wednesday.

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