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Wilmar's China unit IPO meets 13.9b yuan fundraiser mark on overwhelming subscription

Uma Devi

Published Mon, Sep 28, 2020 · 09:50 PM

Singapore

THE long-awaited initial public offering (IPO) of Wilmar International's China unit, Yihai Kerry Arawana (YKA), successfully raised about 13.93 billion yuan (S$2.81 billion) after the close of applications on Sept 25, said the company in a bourse filing.

Wilmar said on Sept 24 that the listing was expected to raise 13.9 billion yuan, with each YKA share at an issue price of 25.7 yuan.