Wilmar's YKA IPO could kick off in Q4: analyst

It already received a go-ahead from the Chinese regulator.

The upcoming initial public offering (IPO) of Wilmar International’s 99.99% owned subsidiary Yihai Kerry Arawana Holdings (YKA) in the Shenzhen Stock Exchange could take place in Q4 if approved by the regulator, according to DBS Equity Research.

This comes after YKA has received a go-ahead from China Securities Regulatory Commission (CSRC). The proceeds of the IPO may be largely utilised in the China market.

The firm’s net profit in Q1 is at $162.7m (US$120m), which was in line with DBS’ forecast. It is said to represent an annualised net profit of $651m (US$480m) as compared to its oilseeds and grains estimate of $676.7m (US$499m) in 2019.

YKA contributes 60% of Wilmar’s core net profit in FY18.

Also Read

Lorem Ipsum 2 [SBR 26 march]

Lorem Ipsum [SBR 26 march]

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!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices