YKA will issue new shares (IPO shares) for the listing of about 10% of its issued share capital on an enlarged basis. And it has identified its strategic investors to subscribe for approximately 30% of the IPO Shares, but he final subscription size by the strategic investors and the composition of the strategic investors are still subject to final confirmation by the regulatory authorities.
Wilmar’s China listing for its subsidiary may have saw some unexpected setback previously, but it finally got the green light and analysts are upbeat.
On September 16, Wilmar announced that its 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) received its final registration approval for listing on the Shenzhen Stock Exchange ChiNext Board from the China Securities Regulatory Commission (CSRC).
