News Snapshot:
SINGAPORE (Reuters) - Singapore agribusiness Wilmar International said on Thursday its China business, Yihai Kerry Arawana (YKA), was set to raise 13.9 billion yuan ($2.06 billion) in its proposed initial pubic offering. The issue price for the proposed listing was 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 were among the 20 strategic investors named by the company....
