Wilmar eyes separate listing in China

As it carries out internal restructuring.

Following a great start to the year, agribusiness firm Wilmar is eyeing to carry out an internal restructuring of its China operations.

According to OCBC Investment Research, it also considers the possibility of a separate listing. It added that the internal restructuring may take about 18 months.

Wilmar's China operations contribute around half of the group's revenue. "For a sense of presence, they are the largest edible oils refiner, a leading oilseed crusher as well as producer of branded consumer pack oils, rice and flour."

The brokerage firm noted that in particular, the flour and rice businesses are key expansion areas outlined by the group.