Kuok Khoon Hong

The road to Adani's riches may be in Singapore - THE EDGE SINGAPORE

Wealth

The road to Adani's riches may be in Singapore

The best proxy for Adani's success may not be in India, but Singapore-listed Wilmar International.
Japfa and Wilmar in share buybacks following higher 1H sales - THE EDGE SINGAPORE

Insider moves

Japfa and Wilmar in share buybacks following higher 1H sales

The company says the application for the Hong Kong listing of dairy unit AustAsia is still pending.
Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil - THE EDGE SINGAPORE

Property

Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil

The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD
Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments - THE EDGE SINGAPORE

Results

Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments

The total dividend for FY2020 stands at 19.5 cents, the highest given out by the group since its listing.

Broker's Calls

Accept privatisation offer for Perennial, CGS-CIMB tells minority shareholders

SINGAPORE (June 16): Minority shareholders of Perennial Real Estate Holdings should accept the privatisation offer made by the company’s substantial shareholders together with Chinese asset manager HOPU Fund Management Company, according to CGS-CIMB.

Company in the news

Perennial's controlling shareholders launch privatisation offer at 95 cents per share

HOPU will fund the balance 17.57% of shares to be acquired from the minority shareholders

Company in the news

Perennial's substantial shareholders "reviewing options"

Earlier in the day, shares of Perennial surged 14.85% to a nine-month high of 58 cents.

Commodities

Wilmar eyes China soy expansion as fever kills hogs

(June 12): Wilmar International, one of the world’s largest food producers, is planning to boost its soybean crushing capacity in China even as a deadly pig-killing virus cuts demand for animal feed.

In print this week

Will Wilmar's stricter environmental controls bear fruit?

SINGAPORE (Dec 11): Wilmar International last week signed a joint statement with Aidenvironment Asia, a not-for-profit consultancy in the field of sustainable production and trade, to reaffirm its commitment to “break the link between oil palm cultivati
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