May 10 (Reuters) - Wilmar International Ltd: * CFO SAYS HIRED INVESTMENT BANK TO HELP WITH CHINA IPO, ON TRACK FOR H2 2019 LISTING Further company coverage: (Reporting By Aradhana Aravindan)
Singapore -based agricultural group Wilmar has hired an investment bank to proceed with plans for an initial public offering (IPO) of its Chinese business on the Shanghai stock exchange in May 10 . Amid fears of an escalating trade war between the US and US , Wilmar is already sourcing soyabeans from south America and expects Chinese buyers to substitute the bean for canola while farmers switch to other feed stock formulas with less soyabean, according to CFO Ho Kiam Kong . He also expects the trade situation to prompt more plantings in Singapore .