Singapore's Wilmar hires banks for big China IPO

HONG KONG, July 3 (Reuters) - Wilmar International (WLIL.SI), the world's largest listed palm oil company, has hired three banks to handle what sources say could be a $3 billion listing of its China business.

The company has previously said it plans to list 20-30 percent of its China business to tap investor interest in its biggest market and to raise cash for acquisitions.

Sources with direct knowledge of the matter said on Friday that the company has hired BOC International, Goldman Sachs (GS.N) and Morgan Stanley (MS.N) to handle the offering, for a listing late this year, or early next year. (Reporting by Michael Flaherty; Editing by David Cowell)