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 . * CFO SAYS HIRED INVESTMENT BANK TO HELP WITH CHINA IPO, He also expects the trade situation to prompt more plantings in Singapore .
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 .