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.
Wilmar's subsidiary, Shanghai-based Yihai Kerry Arawana Holdings, is expected to be listed on the Shenzhen Stock Exchange by mid-October, according to the company's announcement.
