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)
China - based agricultural group Wilmar has hired an investment bank to proceed with plans for an initial public offering ( LP ) of its Chinese business on the Shanghai stock exchange in the second half of next year . Amid fears of an escalating trade deficit between the US and China , Wilmar is already sourcing soyabeans from South Korea 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 Brazil .