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Food & Beverage

Singapore agribusiness giant Wilmar joins China IPO rush

Core subsidiary to raise $2bn in Shenzhen listing partly from state funds

Wilmar has a distribution network covering more than 50 countries and regions with its largest operations in China.    © Reuters
KENTARO IWAMOTO, Nikkei staff writer | Singapore

SINGAPORE -- Singapore-based agri and food business company Wilmar International said Thursday it would raise about 13.9 billion yuan ($2 billion) through a listing of its core Chinese subsidiary, becoming the latest major international company joining the booming Chinese IPO market.

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