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”.
The announcement on September 11 came following queries from some investors on its status.
On August 10, Wilmar announced that YKA has submitted its updated prospectus to the China Securities Regulatory Commission (CSRC) for final registration approval. Approval from the CSRC is still pending.
It adds that it is not aware of any event that would affect the proposed listing or other information that might cause the volatility in its share price on September 10.
Shares in Wilmar closed 16 cents lower, or 3.7% down at $4.17 on September 10.
