Wilmar's YKA listing to help fund 19 investment projects in China
Amid overwhelming subscription of IPO shares, YKA now eyes "huge expansion" that will accelerate growth in China
Add BT as a preferred source
Uma Devi
Singapore
WILMAR International's China unit, Yihai Kerry Arawana (YKA), is expected to list on the Shenzhen Stock Exchange's ChiNext Board this month. With the money raised, the company is eyeing a "huge expansion of its agri-commodity processing and food product businesses".
"The listing will allow YKA to accelerate its growth in China, which we believe will be the world's largest and most sophisticated consumer food market," Wilmar said in response to queries from The Business Times.
TRENDING NOW
China narrows AI gap with US as open-source shift could hit valuations: George Yeo
‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong
Samsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
