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.
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.
