News Snapshot:
China Life Insurance and other insurance companies are among the investors in the planned initial public offering for the Chinese arm of Singapore agribusiness Wilmar International valued at around $2 billion. The proposed listing of Yihai Kerry Arawana, which deals in grains processing and edible oils, is set to raise RMB13.9 billion (US$2.06 billion), according to a report by Reuters. The IPO is slated for mid-October, but whether it will push through will still be subject to prevailing market conditions, Wilmar said. Twenty strategic investors were named by the company and have been allocated 30% of the IPO shares. These...
