Wilmar International - UOB Kay Hian 2020-09-17: Yihai Kerry Arawana (YKA) Receives Final Registration Approval For Listing On The SZSE ChiNext Board

WILMAR INTERNATIONAL LIMITED (SGX:F34) | SGinvestors.io WILMAR INTERNATIONAL LIMITED (SGX:F34)

Wilmar International - Yihai Kerry Arawana (YKA) Receives Final Registration Approval For Listing On The SZSE ChiNext Board

Yihai Kerry Arawana (YKA) Receives Final Registration Approval For Listing On The SZSE ChiNext Board

  • Wilmar International (SGX:F34) announced that Yihai Kerry Arawana Holdings (YKA) has received the final registration approval for listing on the SZSE
  • ChiNext Board from the China Securities Regulatory Commission (CSRC).
  • Other key points from announcement:
    • Listing will be by way of new shares to be issued by YKA, accounting for not less than 10% of YKA’s issued share capital on an enlarged basis.
    • Strategic investors, which include mainly state-owned funds, sovereign wealth funds and insurance companies, have been identified to subscribe for approximately 30% of the IPO shares.
    • The final subscription size by the strategic investors and the composition of the strategic investors are still subject to final confirmation by the regulatory authorities.
    • Based on the usual IPO timeline, the listing is expected to take place by mid-Oct 20, subject to market conditions.


Wilmar share price should react positively


Re-iterate BUY on Wilmar






Leow Huey Chuen UOB Kay Hian Research | Jacquelyn Yow UOB Kay Hian | https://research.uobkayhian.com/ 2020-09-17
SGX Stock Analyst Report BUY MAINTAIN BUY 5.350 SAME 5.350



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