Wilmar International announced on August 6 evening that its 99.99%-owned subsidiary Yihai Kerry Arawana Holdings Co (YKA) has met the listing and disclosure requirements by the SZSE ChiNext Board Listing Committee.

Following the committee’s decision, YKA will be making a submission to the China Securities Regulatory Commission (CSRC) for final registration approval for listing on the Shenzhen Stock Exchange ChiNext Board.

In a statement released via SGX, Wilmar says there is no certainty that the proposed listing will proceed as it is still subject to final registration approval by CSRC and prevailing market conditions.

Shares in Wilmar closed 2 cents lower, or 0.4% down, at $4.79 on August 6 prior to the announcement.