wilmar international

BROKERS’ TAKE

Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes

China contributes more than half of the agribusiness group’s earnings

Seatrium has announced it was starting its own arbitration proceedings against a Maersk Offshore Wind affiliate.

Stocks to watch: Low Keng Huat, Centurion, Manulife US Reit, Seatrium, Wilmar, LHN

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 1):

Wilmar’s position is that Yunnan Huijia is attempting to implicate Guangzhou Yihai to shift responsibility for the losses.

Wilmar’s China subsidiary lodges appeal over contract fraud case

[SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6...

Guangzhou Yihai will appeal against the judgement by the Chinese court.

‘My uncle Robert Kuok would expel me’ if true: Kuok Khoon Hong, rejecting conviction of Wilmar’s China unit

Shocked by the judgment, Kuok Khoon Hong says if he had done such a thing, his uncle would expel him from the family

Wilmar asserts that the court’s factual determinations, adoption of evidence and application of law were “erroneous”.

Wilmar China unit found guilty of contract fraud; will appeal against court decision

It has been found to be jointly liable for 1.88 billion yuan in losses

The sale price of 275 rupees per share translates to a total consideration of 46.5 billion rupees.

Wilmar unit to acquire 13% of Mumbai-listed joint venture with Adani

The purchase will be funded by internal sources and bank borrowings

Excluding the 11.9 trillion rupiah payment, Wilmar attributes its improved core net profit to “stronger operational results” across all core segments.

Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%

Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results

The financial impact of the deposit paid by Duta Sugar International will not be material to Wilmar's financial performance, says the company in an SGX filing.

Wilmar Indonesia unit general manager charged over sugar imports

The unlawful raw sugar imports have allegedly caused state losses amounting to 578 billion rupiah

For a man crowned Malaysia’s richest for more than a fifth of his century-long life, magnate Robert Kuok has certainly led a low-profile lifestyle.

Mapping Robert Kuok’s century-old empire – and the heirs steering it

At 101, Malaysia’s richest man is still shaping a family empire that spans boardrooms across Asia