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Wilmar International Ltd (WLIL.SI)

WLIL.SI on Stock Exchange of Singapore

18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Wilmar International says expects Tropical Oils to perform better in 2H2017
Thursday, 10 Aug 2017 05:23am EDT 

Aug 10 (Reuters) - Wilmar International Ltd ::"We expect tropical oils to perform better in 2H2017".Oilseeds crush margins expected to remain positive for rest of year; consumer products to improve.Sugar will continue to be affected by volatility in sugar prices.  Full Article

Wilmar International posts qtrly net profit of $60.2 mln
Thursday, 10 Aug 2017 05:23am EDT 

Aug 10 (Reuters) - Wilmar International Ltd ::Qtrly revenue $10.60 billion versus $9.37 billion a year ago.Qtrly net profit $60.2 million versus loss of $220.1 million a year ago.Proposed interim tax exempt dividend of S$0.03 per share.  Full Article

Wilmar proposes to make additional investment in Shree Renuka Sugars
Thursday, 27 Jul 2017 06:12pm EDT 

July 28 (Reuters) - Wilmar International Ltd:entered into a subscription agreement with Narendra Murkumbi and his affiliates and srsl to facilitate an additional investment.deal to facilitate an additional investment of inr7,839.6 million.WSH intends to subscribe for 481.8 million ccps at an issue price of rs16.27 per share.funding for infusion will be from internal sources and bank borrowings.WSH intends to subscribe for 481.8 million ccps, at an issue price of rs16.27 per share.would be required to provide a guarantee in amount of inr27,130.01 million in favour of lenders participating in restructuring.  Full Article

Wilmar to infuse $120 mln to raise stake in Shree Renuka Sugars - CNBC TV18
Wednesday, 26 Jul 2017 02:46am EDT 

July 26 (Reuters) - :Wilmar to infuse $120 million to raise stake in Shree Renuka Sugars - CNBC TV18.  Full Article

Yanlord Land and Perennial Leads Consortium to acquire 33.5 pct stake in United Engineers
Thursday, 13 Jul 2017 06:27am EDT 

July 13 (Reuters) - Yanlord Land Group Ltd ::Perennial Leads Consortium with Yanlord to acquire 33.5 pct stake in United Engineers and up to 29.9 pct stake in WBL Corp.Deal for ‍S$729.7 million​.‍mandatory conditional cash offer triggered for uel ordinary shares at an offer price of S$2.60 for each UEL ordinary offer share​.‍Mandatory unconditional cash offer triggered for UEL preference shares at an offer price of S$2.60 for each UEL preference offer share​.‍Possible mandatory unconditional cash offer for WBL ordinary shares at an offer price of S$2.07 for each WBL offer share​.  Full Article

Lion to set up JV with Wilmar International
Friday, 30 Jun 2017 04:31am EDT 

June 30(Reuters) - Lion Corp <4912.T>:Says it plans to set up a joint venture (JV) in order to advance plant-based surfactant business with the Wilmar International Limited Group, a major Singapore-headquartered agribusiness group, in Singapore.Says the company and the Wilmar International Limited Group will hold a 50 percent stake in the JV respectively.  Full Article

Wilmar International reports qtrly net profit of $361.6 mln
Thursday, 11 May 2017 05:28am EDT 

May 11 (Reuters) - Wilmar International Ltd :Qtrly net profit $361.56 million versus $239.4 million a year ago.Qtrly revenue $10.6 billion versus $9 billion a year ago.Recent volatility in sugar prices is expected to impact our sugar operation.Overall, we are cautiously optimistic that next quarter's performance will be satisfactory."volume for consumer products is expected to recover from seasonal reduction in 1Q2017".Announce that it is carrying out an internal restructuring of its China operations with possibility of a separate listing."Although lower CPO prices will impact our plantation & palm oil mills operations, we believe that this will be partially offset by anticipated higher palm oil production".  Full Article

Wilmar International Ltd says Martua Sitorus to step down as executive deputy chairman
Friday, 31 Mar 2017 05:21am EDT 

Wilmar International Ltd : Re-designation of executive deputy chairman to non-independent non-executive director . Martua Sitorus will step down from his position as executive deputy chairman and relinquish his role as executive director .Sitorus will continue to serve on Wilmar board as a director and will be re-designated as a non-independent non-executive director.  Full Article

Wilmar International posts 69.9 pct rise in quarterly net profit to $560.8 mln
Monday, 20 Feb 2017 04:49am EST 

Wilmar International Ltd : Qtrly revenue $11.95 billion versus $9.43 billion . Proposed a final tax exempt (one-tier) dividend of S$0.040 per share . Qtrly net profit $560.8 million, up 69.9 percent . Performance in 2017 is expected to be satisfactory ."Recent lifting of restrictions in China on oilseeds and grains processing on foreign companies is expected to benefit our operations".  Full Article

Wilmar International says Competition Commission of South Africa raided Co's unit
Thursday, 8 Dec 2016 08:09am EST 

Wilmar International Limited : Competition commission raids manufacturers of margarine edible oils and baking fats in south africa . "cannot comment further on any matters which are part of ongoing investigation" . confirms that a search and seizure operation was conducted at premises of its south african subsidiary, wilmar continental edible oils and fats (pty) ltd . refers to statement issued by competition commission of south africa on raids it conducted against several cos .search and seizure operation as part of an industry-wide investigation by competition commission.  Full Article

UPDATE 1-Singapore's Wilmar posts Q2 profit; sees tropical oils improving in H2

* Posts weaker performance in tropical oils, sugar segments (Adds outlook, milestone, CEO quote)