[Update August 2020] This is a quick update on the status of Wilmar China IPO listing. Wilmar announced on the 6 August 2020 that SZSE ChiNext Board Listing Committee (the “Committee”) has met with YKA and deliberated on the Proposed Listing today. Following the meeting, the Committee has confirmed that YKA meets the listing and disclosure requirements. Following the Committee’s decision, YKA will be making a submission to the China Securities Regulatory Commission (“CSRC”) for final registration approval for listing on the SZSE ChiNext Board.
Although the company stated that this announcement is still not guaranteed of a listing, which is subject to final registration approval by CSRC and prevailing market conditions, it is highly likely, in my view, that the listing will now go through given the current bullish market sentiment and the fact that it’s Yihai listing is the largest among the list of companies to be IPOed....