News Snapshot:
Wilmar has a distribution network covering more than 50 countries and regions with its largest operations in China. © Reuters KENTARO IWAMOTO, Nikkei staff writer September 24, 2020 15:30 JST | Singapore Copy Copied SINGAPORE -- Singapore-based agri and food business company Wilmar International said Thursday it would raise about 13.9 billion yuan ($2 billion) through a listing of its core Chinese subsidiary, becoming the latest major international company joining the booming Chinese IPO market. Wilmar's subsidiary, Shanghai-based Yihai Kerry Arawana Holdings, is expected to be listed on the Shenzhen Stock Exchange by mid-October, according to the company's announcement. Wilmar,...
