SINGAPORE (June 23): Wilmar International shares gained as much as 8.2% to S$4.20 today, prompting a query from the Singapore Exchange (SGX).

In a separate update, the palm oil giant said that plans to separately list its China subsidiary on the Shenzhen Stock Exchange has taken one step ahead with the filing of an updated draft prospectus.

The subsidiary, 99.99% owned by Wilmar, is called Yihai Kerry Arawana Holdings Co. It sells edible oil, among other businesses. The IPO is managed by China Securities Co.

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