(Yicai Global) June 23 -- Chinese food company Yihai Kerry Arawana Holdings is looking to raise the largest amount of money among the first group of 32 firms that have been accepted to go public on the ChiNext since the board started its registration-based system pilot.

Yihai Kerry would like to raise CNY13.9 billion (USD2 billion), according to the Shanghai-based agricultural giant's prospectus. It will use the proceeds of the IPO to build multiple projects, including an edible oil processing plant.

The 32 companies that got the green light yesterday have set their total target at CNY31.2 billion, according to Wind data.

The ChiNext, which tracks growth enterprises listed in Shenzhen, is testing a system piloted by Shanghai’s new Nasdaq-style Star Market. The goal is to make it easier for technology startups to go public with lower threshold requirements.

Last year, Yihai Kerry increased its net profit to CNY5.6 billion (USD791.3 million) from the previous year's CNY5.5 billion. Its revenue rose 2 percent to CNY170.7 billion (USD24.1 billion).

Bathos has a 99.99 percent stake in Yihai Kerry and Singapore-based Wilmar International indirectly holds all of Bathos's equity. After the share offering, Bathos's shareholding will fall to a bit less than 90 percent.

Editor: Emmi Laine