SINGAPORE (July 12): Wilmar International says the application for the listing of its operations in China on the Shenzhen Stock Exchange has been accepted.

Yihai Kerry Arawana Holdings Co (YKA), a 99.99%-owned subsidiary of Wilmar, is one of the largest agribusiness and food processing companies in China. Its business activities include the processing and sales of kitchen food, feed ingredients and oleochemicals in China

Should the application for the listing be approved by the China Securities Regulatory Commission (CSRC), Wilmar says an initial public offering of new YKA shares can be expected. The new shares will constitute 10% of the total pro-forma share capital of YKA after the IPO.

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