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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.
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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.

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