You are here

Wilmar's Kuok rides cooking oil dominance to a record China IPO

BT_20201016_KUOK16A_4285582.jpg
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.

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.

Yihai Kerry Arawana Holdings' share price more...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes