Wednesday, May 13, 2009

Wilmar says to list 20-30 pct of China business 13 May 2009 13:01

SINGAPORE, May 13 (Reuters) - Singapore's Wilmar International <WLIL.SI>, the world's largest palm oil firm, said on Wednesday it plans to list 20-30 percent of its China business in an initial public offering in either Hong Kong or Shanghai.

CEO Kuok Khoon Hong said at a post-results briefing that the firm had started meeting bankers last week for the IPO and it might use the IPO proceeds to fund acquisitions.
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