Wilmar International (WIL)

Wilmar shares drop over 7% following China IPO - THE EDGE SINGAPORE

SGX query

Wilmar shares drop over 7% following China IPO

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

Wilmar subsidiary IPO shares to commence trading on Oct 15 - THE EDGE SINGAPORE

IPO

Wilmar subsidiary IPO shares to commence trading on Oct 15

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

Insider moves

Wilmar chairman Kuok buys shares ahead of China unit's IPO

Kuok Khoon Hong, chairman and CEO of palm oil giant Wilmar International, raised his stake in the company ahead of the separate listing of its China-based subsidiary on the Shenzhe

Broker's Calls

Wilmar's share price offers cheaper, more liquid entry to YKA, says CGS-CIMB

CGS-CIMB analysts Ivy Ng and Nagulan Ravi have maintained “add” on Wilmar, with the same target price of $5.53, although key downsides to the stock include the potential delay or termination to YKA

Company in the news

Wilmar subsidiary increases stake in Pakistan-listed Unity Foods Limited

Unity Wilmar Agro (UWA), an indirect 52%-owned subsidiary of Wilmar International, has increased its total shareholding in the Unity Foods to 163.2 million ordinary shares from 59.9 million ordinar

Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil - THE EDGE SINGAPORE

IPO

Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil

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.

IPO

Wilmar subsidiary receives final registration approval for China IPO, listing to take place by mid October 2020

Yihai Kerry Arawana Holdings (YKA), the 99.99%-owned subsidiary of Wilmar International, has received final registration approval for listing on the Shenzhen Stock Exchange ChiNext Board from the C

UOB extends $200 mil sustainability-linked loan to Wilmar to support agricultural sustainability in Asia - THE EDGE SINGAPORE

Sustainability

UOB extends $200 mil sustainability-linked loan to Wilmar to support agricultural sustainability in Asia

United Overseas Bank (UOB) has extended a two-year $200 million sustainability-linked loan to leading agribusiness group Wilmar International to support its ongoing efforts to bring about agricultu

Company in the news

Wilmar’s China IPO is still 'on track'

Wilmar International says its proposed listing of its 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) on the Shenzhen Stock Exchange is still “on track”.

Banking & finance

DBS and Wilmar ink $200 mil SORA-based loan, a first for the agri-business industry

DBS Bank and Wilmar International have signed a $200 million corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA) on August 27.

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