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.