Wilmar’s 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) has determined the issue price for its China IPO at RMB25.70 ($5.16) per YKA share.

The price was determined jointly with the sponsor and joint lead underwriter of the proposed listing China Securities, as well as China International Capital Co, the other joint lead underwriter of the proposed listing.

The price translates to a price-to-earnings multiple of 31.12x based on YKA’s financial year 2019 recurring net profit and enlarged post-IPO share capital.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook