Wilmar unit YKA gets green light for Shenzhen IPO

It now seeks the final registration approval from the China Securities Regulatory Commission.

Wilmar has announced that its Chinese unit YIHAI Kerry Arawana (YKA) gained the confirmation from the Shenzhen Stock Exchange’s (SZSE) ChiNext Board Listing Committee that they meet the listing and disclosure requirements.

Also read: Wilmar's YKA may reach $19.7b valuation in IPO: analyst

Following the committee’s decision, YKA will now make a submission to the China Securities Regulatory Commission (CSRC) for the final registration approval for listing on the SZSE ChiNext Board.

“Although listing clearance from the committee has been obtained, there is no certainty that the proposed listing will proceed as the proposed listing is still subject to final registration approval by CSRC and prevailing market conditions, so shareholders and potential investors are accordingly advised to exercise caution when dealing with the securities of the company,” Wilmar said in an SGX filing. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.
VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end.