Wilmar pursues China prospects with renewed listing plan
[SINGAPORE] Singapore's Wilmar International Ltd, which is considering spinning off its China business, is looking to list it in Shanghai to boost its profile on the mainland and potentially pave the way for deals. China is Wilmar's biggest market, accounting for nearly 50 per cent of 2016 revenues of US$41.4 billion for one of the world's largest edible oil processors. Its annual revenues from China have risen about 50 per cent since 2009. Wilmar said in Thursday's earnings statement it was carrying out an "internal restructuring" of those operations. It confirmed on Friday that that would mean reviving a listing plan first aired in 2009, but swapping the venue to Shanghai from Hong Kong.
http://www.businesstimes.com.sg/companie...sting-plan
[SINGAPORE] Singapore's Wilmar International Ltd, which is considering spinning off its China business, is looking to list it in Shanghai to boost its profile on the mainland and potentially pave the way for deals. China is Wilmar's biggest market, accounting for nearly 50 per cent of 2016 revenues of US$41.4 billion for one of the world's largest edible oil processors. Its annual revenues from China have risen about 50 per cent since 2009. Wilmar said in Thursday's earnings statement it was carrying out an "internal restructuring" of those operations. It confirmed on Friday that that would mean reviving a listing plan first aired in 2009, but swapping the venue to Shanghai from Hong Kong.
http://www.businesstimes.com.sg/companie...sting-plan