About Yihai Kerry Arawana
Yihai Kerry Arawana is a subsidiary of Wilmar that makes business investments in mainland China. It is mainly involved in industries such as oilseed crushing, edible oil refining, specialty fats, oleochemicals, processing of corn, wheat, and soybean, sustainable multi-stage processing of rice, food and beverage, grain and oil technology R&D.
Yihai Kerry Arawana Headquarter Location
Arawana Building No 1379 Bocheng Road
Latest Yihai Kerry Arawana News
Dec 14, 2020
2 Billion in Largest-Ever GEM IPO (Yicai Global) Dec. 14 -- State-backed Chinese automaker Dongfeng Motor will list on the Growth Enterprise Market to raise an estimated CNY21 billion (USD3.21 billion), setting a record for the largest initial public offering since the GEM’s setup 11 years ago, and surpassing Yihai Kerry Arawana Holdings, which raised CNY13.87 billion this year. Dongfeng passed the review and met the conditions for issuance, listing and information disclosure on Dec. 11, the GEM announced. The Listing Committee asked Dongfeng to explain the stability and sustainability of its cooperation with joint ventures, as well as the risks of its Voyah new energy vehicle project in terms of technology, talent pool and the competitive dynamics of the NEV industry. Dongfeng plans to use CNY7 billion of the proceeds in its Voyah high-end NEV project, CNY2.2 billion in its new NEV platform architecture, CNY1.8 billion in its autonomous driving car project, and CNY1.3 billion in hydrogen fuel cell research and development. Dongfeng makes and sells vehicles, engines and parts through joint ventures with PSA Group, Honda Motor and Nissan Motor. The Wuhan-based company suffered large losses in the first half of this year from the Covid-19 pandemic. It expects revenue of CNY105 billion to CNY110.4 billion this year, basically the same as last year. Its projected net profit is CNY10.2 billion to CNY11 billion, down 14.44 percent to 20.52 percent from last year’s CNY12.8 billion. Dongfeng Motor sold 362,300 vehicles last month in a 2.7 percent rise on the year and the eighth straight month of growth since April. Editor: Ben Armour