The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Wilmar sinks 10% after major shareholder reveals plans to cut stake

Published Thu, Aug 20, 2020 · 09:50 PM
Share this article.

Singapore

SHARES of agri-food giant Wilmar International fell 10 per cent on Thursday after one of its largest shareholders, Archer Daniels Midland (ADM), announced plans to sell off shares and bonds worth US$800 million.

Wilmar shares dropped to an intraday low of S$4.31. They ended on Thursday at S$4.36, down 50 cents or 1…

SEE ALSO
Higher CPO prices, low stockpiles only a brief reprieve for regional palm oil stocks
GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

Hot Stock

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here