News Snapshot:
By Alfred Romann Investing.com – Wilmar International Limited (SI:WLIL), a Singapore-listed agribusiness group, plans to issue an IPO for its China business on the Shenzhen Stock Exchange as early as next month, should market conditions be favourable. The company plans to sell shares of Yihai Kerry Arwana (YKA) for CNY25.70 each, putting it on track to raise CNY13.9 billion ($2.06 billion), Wilmar said in a statement Thursday. Wilmar owns 99.99% of YKA. A group of 20 strategic investors – including Singapore’s sovereign wealth fund GIC, China Life Insurance Co. Ltd., China Structural Reform Fund and Rongze Investment Company – have...
