SINGAPORE: Singapore agribusiness Wilmar International said its China business, Yihai Kerry Arawana (YKA), was set to raise 13.9 billion yuan (US$2.06bil) in its proposed initial pubic offering (IPO).
The issue price for the proposed listing was set at 25.70 yuan per YKA share.
Strategic investors, comprising state-owned funds, sovereign wealth funds and insurance companies, have been allocated 30% of the IPO shares.
Singapore sovereign wealth fund GIC, China Life Insurance Co Ltd, China Structural Reform Fund and Rongze Investment Company were among the 20 strategic investors. — Reuters
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