News Snapshot:
SINGAPORE (THE BUSINESS TIMES) - The proposed listing of Wilmar International's China unit, Yihai Kerry Arawana (YKA), is expected to raise 13.9 billion yuan (S$2.81 billion), and Singapore's sovereign wealth fund GIC will be coming in as a strategic investor. Agri-food giant Wilmar said in a bourse filing on Thursday (Sept 24) that the proceeds are based on an issue price of 25.7 yuan per YKA share, and the number of new shares to be issued by YKA, being 10 per cent of its issued share capital on an enlarged basis. The issue price was jointly determined by China Securities,...
