Wilmar will not list China unit unless market recovers

SINGAPORE | Thu Nov 12, 2009 12:15am EST

SINGAPORE Nov 12 (Reuters) - Wilmar International (WLIL.SI), the world's largest listed palm oil firm, will not go ahead with its plan to list its China operation in Hong Kong unless the market recovers, its CEO said on Thursday.

Earlier this year Wilmar said it plans to list its China operation in an IPO in Hong Kong, which was expected to raise around $3.5 billion. (Reporting by Harry Suhartono, editing by Neil Chatterjee)

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