Wilmar's Kuok rides cooking oil dominance to a record China IPO
Fri, Oct 16, 2020 - 5:50 AM
After starting production in 1991 from the mainland's first packed oil production line, the YKA unit of Mr Kuok's Wilmar International now has 40% of a Chinese edible oil market that consumes almost 40 million tonnes annually.
BT FILE PHOTO
KUOK Khoon Hong has pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering on the Shenzhen Stock Exchange, thanks to the most popular cooking oil brand in the country.