Wilmar International on Oct 14 announced that 542,159,154 new shares representing 10% of Yihai Kerry Arawana (YKA)’s enlarged issued share capital have been allotted to investors for the listing of YKA’s IPO shares.

Accordingly, YKA has become a 89.99%-owned subsidiary of Wilmar from 99.99%-owned previously.

The IPO shares will begin trading on the Shenzhen Stock Exchange ChiNext Board at 9.30am on Oct 15.

Shares in Wilmar closed flat at $4.65 on Oct 13.

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