yihai kerry arawana holdings listing

In October 2020, Wilmar (F34) share price suffered an explosive meltdown following the hugely successful listing of Yihai Kerry Arawana Holdings Co., Ltd (YKA) on the Shenzhen Stock Exchange ChiNext Board. Wilmar International's 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) has received final registration approval for a listing on the Shenzhen Stock Exchange SZSE ChiNext Board from the China Securities Regulatory Commission. (Yicai Global) Nov. 19 -- Chinese food producer Yihai Kerry Arawana Holdings is putting the record sums raised last month from its initial public offering in Shenzhen to good use, and is to invest CNY8 billion (USD1.2 billion) in grain and oil processing plants and a logistics project in central Henan province, one of the country’s top grain producing areas. In January 2020, I wrote that Wilmar share price had bottomed out and was poised for a major surge … That added some 160bn yuan ($24bn) to YKA’s stock … Its namesake cooking oil with a Golden Dragon Fish logo has been a staple of Chinese kitchens for decades and fueled demand 3,499 times the amount of shares offered to retail investors online. The Company provides kitchen foods, feed raw materials, oil technology products, and other products. 2. Did Wilmar International sell down in its Yihai Kerry Arawana Holdings subsidiary too cheaply? Excerpts from CGS-CIMB report Analysts: Ivy NG Lee Fang, CFA & Nagulan RAV. CICC Assists Yihai Kerry Arawana Holdings Co., Ltd. in Listing on SZSE ChiNext. We project the listing of Yihai Kerry Arawana to be a key re-rating catalyst for Wilmar as it will help to unlock value for the group. Yihai Kerry Arawana is one of the largest agribusiness and food processing companies in China, mainly engaged … They will commence trading on the ChiNext board of the Shenzhen Stock Exchange on Thursday. And then there is Wilmar’s mega listing of Yihai Kerry Arawana Holdings Co., Ltd (YKA) on the Shenzhen Stock Exchange ChiNext Board. WILMAR International on Wednesday announced that some 542.2 million new shares of Yihai Kerry Arawana Holdings (YKA) have been allotted to investors pursuant to the Chinese company's initial public offering (IPO). Sign in to continue reading. With a household brand name under its arsenal, Yihai's share price skyrocketed right after its IPO. Yihai Kerry Arawana Holdings Co.’s share price more than doubled in its first-day on the ChiNext board after the IPO raised 13.9 billion yuan ($2 billion). One of the highlights for Wilmar this year is the listing of its China subsidiary where Wilmar owns 89.99% of it. The initial public offering generated positive cash inflow, bringing the group’s overall free cash flow to US$916.3 billion. But few of them may realise that this brand belongs to Yihai Kerry Arawana Holdings (YKA), a 99.99% owned subsidiary of Singapore-listed Wilmar International. 2020-10-15 Corporate News. Finally, Mr. Kuok noted the successful listing of Wilmar’s China subsidiary, Yihai Kerry Arawana (YKA) Holdings Co. Ltd on the Shenzhen Stock Exchange ChiNext Board in October 2020. Investors certainly found value in the 25.70 yuan at which shares in China-based YKA were issued. The figure would be a record for the Shenzhen ChiNext Board where it plans to list. GlobalFoundries pours $1.4 billion into fab expansion amid chip demand boom. View 300999.CN financial statements in full. Why YKA listing could catalyse Wilmar’s share price We are positive on this … What’s new: Cooking oil giant Yihai Kerry Arawana Holdings Co. Ltd. has priced its planned IPO at 25.7 yuan per share, putting it on track to net a whopping 13.9 billion yuan ($2.04 billion). FURTHER UPDATE ON THE PROPOSED LISTING OF WILMAR’S CHINA OPERATIONS IN THE PEOPLE’S REPUBLIC OF CHINA . Unlimited access to all stories from $99.9 /year* The latest reporting and analysis from business and investments to news and views on social issues. “We believe Wilmar’s valuations are likely to be lifted over time with sustained YKA’s valuations and we remain positive on Wilmar,” Chu said. With … The Singapore-based ag commodities group, which is the world’s largest palm oil refiner, said that its Yihai Kerry Arawana Holdings subsidiary had received final consent from the China Securities Regulatory Commission for a listing on the Shenzhen’s ChiNext board.

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