News Snapshot:
- A + A SINGAPORE (Sept 24): Singapore agribusiness Wilmar International said today its China business, Yihai Kerry Arawana (YKA), is set to raise 13.9 billion yuan (US$2.06 billion or RM8.5 billion) in its proposed initial pubic offering (IPO). The issue price of the proposed listing is set at 25.70 yuan per YKA share, Wilmar said in a statement. Strategic investors, comprising state-owned funds, sovereign wealth funds and insurance companies, have been allocated 30% of the IPO shares. Singapore sovereign wealth fund GIC, China Life Insurance Co Ltd , China Structural Reform Fund and Rongze Investment Company are among the...
