Arawana to List on SZSE

Date: 2020-10-15

On 15 October 2020, Yihai Kerry Arawana Holdings Co., Ltd. (Stock Code: 300999, Stock Abbreviation: Arawana) held a listing ceremony at SZSE. SZSE, strictly implementing the requirements for regular pandemic prevention and control, provided on-site safeguards and made overall planning for the ceremony, to keep all links in safety and order.

 

Arawana is publicly offering 542.159154 million shares, including 542.159154 million IPO shares offered at 25.7 yuan per share and raising funds of 13,933 million yuan. The post-public-offering share capital of Arawana is 5,421.591536 million in total. Yihai Kerry Arawana Holdings Co., Ltd. principally engages in research and development, production and sale of kitchen food, feed ingredients and oil technology products. In 2019, its operating income reached 170,743 million yuan with the net profit of 5,408.025 million yuan.

 

Arawana is a subsidiary of Wilmar International, a Fortune Global 500 company. It is one of the largest agricultural products and food processing companies in China. Arawana’s IPO is the first project in which an overseas Fortune Global 500 company spun off high-quality assets to get listed on the A-share market, as well as a landmark project in which overseas Chinese ventures in countries and regions along the Belt and Road returned to the A-share market and overall listing of China-based business of a multinational company.

 

At present, SZSE is implementing the requirements mentioned in the speech of General Secretary Xi Jinping at the grand gathering celebrating the 40th anniversary of the establishment of the Shenzhen Special Economic Zone and deepening reform and opening up unswervingly in accordance with the requirements of the CSRC. By taking chance of the smooth running of the ChiNext Board reform and the pilot registration-based IPO system and acting on international best practices, SZSE is promoting the development of institutional system aligning with international standards, and facilitating the new dual circulation development pattern whereby domestic and foreign markets can boost each other.