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Wilmar International Ltd (WLIL.SI)

WLIL.SI on Stock Exchange of Singapore

3.09SGD
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Wilmar International announces forecast for second quarter, half year
Tuesday, 19 Jul 2016 05:28am EDT 

Wilmar International Ltd : Sugar losses for 2q2016 are expected to be greater than 2q2015 . Wilmar International Limited (profit guidance) . 2q2016 losses were largely attributed to the manufacturing sub-segment within oilseeds and grains and partially to the sugar segment . Group is expected to report net losses of approximately us$230 million for second quarter . Dry weather in Australia in early part of year is expected to reduce volume of cane crushed in fy2016 as compared to fy2015 . Barring unforeseen circumstances, operating environment for the group for rest of the year is expected to normalize . Group is still expected to be profitable in H1, although profit is expected to be "significantly lower" .  Full Article

Bunge, Wilmar to form joint venture in Vietnam
Tuesday, 5 Jul 2016 08:00am EDT 

Bunge Ltd : Bunge and wilmar to form joint venture in vietnam . Bunge will sell 45% of its equity in its vietnam crush operations to wilmar .Deal creates three-party jv with bunge and wilmar as equal 45% shareholders and quang dung retaining its existing 10% stake in operations.  Full Article

Wilmar International posts qtrly net profit of $239.4 mln
Tuesday, 10 May 2016 05:49am EDT 

Wilmar International Ltd : Qtrly revenue $9.00 billion versus $ 9.41 billion a year ago . "Expect the recent improvements in cpo prices to benefit our Plantation business" . Qtrly net profit $239.4 million versus $232.0 million a year ago . Recent volatility in sugar prices will also have an effect on our sugar operations . Says no dividend has been declared for the quarter ended 31 March 2016 . Operating conditions in the second quarter are expected to be challenging ."Crush margins are expected to come under pressure as a result of excessive soybean arrivals into China".  Full Article

Wilmar International Ltd - Brazil watchdog reviews proposed Raizen, Wilmar trading venture - Reuters
Wednesday, 23 Dec 2015 10:12am EST 

Wilmar International Ltd:Brazilian antitrust watchdog Cade is reviewing a proposed tie-up between sugar and ethanol producer Raizen Energia SA and trader Wilmar International Ltd, as prices for the commodity recover amid tightening global supply - RTRS.The proposed joint venture aims to export a type of Brazilian sugar known as VHP, a filing by Cade in the government's official gazzette on Wednesday said. - RTRS.Cade cited the companies as saying the supply relationship between Raízen and Wilmar would be strengthened by the tie-up - RTRS.Raízen, a joint venture between Cosan SA CSAN3.SA and Anglo-Dutch Royal Dutch Shell Plc RDSa.L, declined to comment. - RTRS.  Full Article

Wilmar International Ltd declares interim cash dividend
Wednesday, 5 Aug 2015 05:23am EDT 

Wilmar International Ltd:Declares interim cash dividend of SG$0.025 per share.Says Record date on Aug. 18.Says Ex date on Aug. 14.Says Payment date on Aug. 26.  Full Article

Goodman Fielder Limited approves Wilmar International Limited's and First Pacific Company Limited's acquisition proposal
Monday, 2 Mar 2015 01:55am EST 

Goodman Fielder Limited:Announces that the Federal Court of Australia has today made orders approving the Scheme of Arrangement.Says under which Wilmar International Limited and First Pacific Company Limited will acquire 100 pct of Goodman Fielder (through an Australian jointly owned entity) via a Scheme of Arrangement.Says Eligible Goodman Fielder shareholders who hold shares on the scheme record date for determining entitlements to receive the scheme consideration (March 10) will receive A$0.675 cash per share.  Full Article

Wilmar International Ltd proposes final dividend
Thursday, 12 Feb 2015 04:30am EST 

Wilmar International Ltd:Says Board has proposed a final tax exempt (one-tier) dividend of S$0.055 per share.Payment date is May 15.  Full Article

Wilmar International Ltd acquires Nexsol (malaysia) Sdn. Bhd.
Monday, 8 Dec 2014 04:46am EST 

Wilmar International Ltd:Says acquisition by its wholly-owned subsidiary PGEO Group Sdn. Bhd. of a 100 pct interest in Nexsol (Malaysia) Sdn. Bhd. from Kulim (Malaysia) Bhd.Acquisition has been completed and Nexsol is now a 100 pct indirect subsidiary of Wilmar.  Full Article

ACCC will not oppose Wilmar International Ltd and First Pacific Co Ltd's proposed acquisition of Goodman Fielder Ltd
Wednesday, 24 Sep 2014 07:24pm EDT 

Australian Competition and Consumer Commission (ACCC):Says that it will not oppose Wilmar International Ltd and First Pacific Co Ltd's proposed acquisition of Goodman Fielder Ltd.Wilmar and Goodman Fielder overlap in supply of packaged edible oils to Australian retailers and, in particular, in supply of vegetable oils including canola, sunflower and soybean oil.ACCC's public review focussed on whether, as a result of proposed acquisition, Wilmar and/or Goodman Fielder would be able to raise prices of packaged vegetable oils.ACCC determined that, following the proposed acquisition, Wilmar and Goodman Fielder would continue to be competitively constrained by alternative existing and potential suppliers.  Full Article

Wilmar International Ltd updates on acquisition of Goodman Fielder
Sunday, 7 Sep 2014 06:16pm EDT 

Wilmar International Ltd:Updates on a proposal made by the company and First Pacific Company Limited to Goodman Fielder Limited to acquire the entire issued share capital of Goodman Fielder by way of a scheme of arrangement.Says the company’s announcement dated July 2 envisaged that the meeting of shareholders of Goodman Fielder to approve the scheme of arrangement would be held in Nov.Says that implementation of the scheme of arrangement would occur after all required regulatory approvals have been obtained and all other conditions precedent have been satisfied.  Full Article

Wilmar sees $230 mln net loss in Q2, cites bad weather and volatile markets

SINGAPORE, July 19 Singapore-based Wilmar International Ltd, the world's largest palm oil processor, warned it expected to report a second-quarter net loss of around $230 million as bad weather and volatile markets hurt oilseeds, grains and sugar business.