Home News SGX query

Wilmar shares drop over 7% following China IPO

Felicia Tan
Felicia Tan10/15/2020 12:52 PM GMT+08  • 2 min read
Wilmar shares drop over 7% following China IPO
As at 12.52pm, shares in Wilmar were trading 25 cents lower or 5.4% down at $4.41.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Shares in Wilmar International dropped over 7% to $4.295 at 10.14am, less than an hour after its 89.88%-owned subsidiary Yihai Kerry Arawana (YKA) made its debut on China’s Shenzhen Stock Exchange ChiNext Board.


See: Wilmar subsidiary IPO shares to commence trading on Oct 15

The “unusual movement” triggered a query from the Singapore Exchange Regulation (SGX RegCo) at 11.08am asking if Wilmar was aware of any possible explanation behind the drop.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.