During its first day of trading, YKA’s shares spiked up to RMB62.65 in the last half hour of trade, the analysts add.
Wilmar International saw its share price despite the success of its 89.99%-owned Chinese subsidiary Yihai Kerry Arawana’s (YKA) IPO on Oct 15.
YKA’s share price more than doubled in its first day on the ChiNext board, and closed 118% up on the same day at RMB56 ($11.33) per share, compared to its IPO price of RMB25.7 per share, say CGS-CIMB analysts Ivy Ng and Nagulan Ravi in an Oct 16 note.
