Key Developments: Wilmar International Ltd (WLIL.SI)

WLIL.SI on Stock Exchange of Singapore

3.32SGD
25 Jul 2014
Price Change (% chg)

$0.01 (+0.30%)
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4,874,000
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Latest Key Developments (Source: Significant Developments)

Goodman Fielder Ltd enters into scheme implementation deed with Wilmar International Limited
Monday, 30 Jun 2014 07:00pm EDT 

Goodman Fielder Ltd:Provides a market update regarding the indicative, non binding proposal to acquire 100 per cent of the equity in the company from Wilmar International Limited and First Pacific Company Limited.Under the terms of the Scheme, Goodman Fielder shareholders will be entitled to receive A$0.675 cash per share subject to all necessary conditions being satisfied or waived and the Scheme becoming effective.Says the scheme also allows for Goodman Fielder to pay a final dividend of A$0.01 per share for the year ending June 30, 2014.  Full Article

Wilmar International closes deal on purchase of Huntsman’s European commodity surfactants business
Wednesday, 25 Jun 2014 05:11am EDT 

Wilmar International Ltd:Says its wholly-owned subsidiary, Wilmar Europe Holdings B.V. has completed the purchase of Huntsman’s European commodity surfactants business.Financial details of the agreement were not disclosed.  Full Article

Wilmar International Ltd announces acquisition, divestiture and liquidation of subsidiaries
Tuesday, 24 Jun 2014 05:28am EDT 

Wilmar International Ltd:Wilmar Consultancy Services Pte. Ltd. (WCS) is direct 75 pct owned subsidiary of Wilmar.Company has acquired remaining 25 pct equity interest in WCS from Karry Management Services Pte. Ltd., thereby making WCS 100 pct owned subsidiary of company.Principal activities of WCS, namely, investment holding and providing IT and consultancy services, remain unchanged.Yihai Kerry Biotechnology (Tianjin) Co., Ltd (YK Biotechnology), direct wholly-owned subsidiary of Yihai Kerry Investments Co., Ltd., which is in turn, direct wholly-owned subsidiary of Wilmar China Limited, indirect wholly-owned subsidiary of Wilmar.YK Biotechnology was placed under member’s voluntary liquidation in June 2014.Wilmar Sugar (Myanmar) Pte. Ltd. (WSM), direct wholly-owned subsidiary of Wilmar Sugar Holdings Pte. Ltd. (WSH) (which is in turn, a direct wholly-owned subsidiary of the Company).become 68.75 pct subsidiary of WSH.Following subscription of 16,418,857 new shares in WSM by Evergreen (Sugar) Pte. Ltd., company not related to the Wilmar Group.WSM holds an 80 pct interest in Great Wall Wilmar Holdings Limited (GWWH), a joint venture company with Myanmar-based Great Wall Food Stuff Industry Company Limited.GWWH’s principal business is to produce and sell sugar and its by-products.  Full Article

Wilmar International Ltd and First Pacific Company Limited proposes to acquire Goodman Fielder
Sunday, 27 Apr 2014 05:50pm EDT 

Wilmar International Ltd:First Pacific Company Limited and Wilmar International Ltd (Wilmar) proposes to acquire entire share capital of Goodman Fielder.Says it holds 10.1 pct shares in Goodman Fielder.First Pacific as a joint venture to be owned as to 50 pct by Wilmar and as to 50 pct by First Pacific (the joint venture).If the proposed transaction proceeds, Goodman Fielder would be privatized, its shares would be de-listed from ASX and NZX and it would become a wholly owned subsidiary of the joint venture.Under the proposal made to Goodman Fielder by Wilmar and First Pacific, the shareholders of Goodman Fielder would receive a cash offer of A$0.65 (about $0.603) per share of Goodman.If the proposed transaction proceeds, the total consideration payable by the joint venture for 100 pct of the current issued share capital of Goodman Fielder at the proposed offer price would be about A$ 1,271.1 mln (about $1,179.1 mln).  Full Article

Wilmar subsidiary agrees to purchase european commodity surfactants business of Huntsman
Thursday, 10 Apr 2014 05:00am EDT 

Wilmar International Ltd:Wilmar Europe Holdings B.V. agrees to purchase Huntsman's European commodity surfactants business.Completion remains subject to customary closing conditions, including regulatory procedures in France.Financial details of the agreement were not disclosed.Huntsman plans to sell to Wilmar its ethoxylation facility in Lavera, France.In addition, Wilmar will enter into a multi-year arrangement to purchase sulphated surfactant products from Huntsman's facilities in St. Mihiel.  Full Article

Wilmar International Ltd announces syndication of $2,490 million revolving loan facilities
Friday, 14 Mar 2014 05:13am EDT 

Wilmar International Ltd:Says final documentation for the facility referred to in its announcement dated Jan. 15 has been signed.Facility granted to Wii Pte. Ltd, a subsidiary of Wilmar, is guaranteed by Wilmar.Purpose of the facility is to finance general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt.Facility has been upsized from $1,750 mln to $2,490 mln owing to support from the lenders.Facility is entered into, inter alia, with BNP Paribas, Malayan Banking Berhad, Mizuho Bank, Ltd, Oversea-Chinese Banking Corporation Limited, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation.  Full Article

Wilmar International Ltd declares interim and final ordinary dividends
Thursday, 20 Feb 2014 05:37am EST 

Wilmar International Ltd:Declare a interim ordinary dividend of S$ 0.025 per share and final ordinary dividend of S$ 0.055 per share.Says dividends ares payable on May 15.  Full Article

Wilmar International Ltd announces establishment of subsidiaries and change in shareholding in subsidiaries
Tuesday, 28 Jan 2014 04:22am EST 

Wilmar International Ltd:Establishes Yihai Kerry (Mishan) Oils and Grains Industries Co., Ltd as subsidiaries.Says Yihai Kerry (Mishan) Oils and Grains Industries Co., Ltd is a direct wholly-owned subsidiary of Yihai Kerry Investments Co., Ltd. (YKI), which is in turn, a direct wholly-owned subsidiary of Wilmar China Limited (WCL), an indirect wholly-owned subsidiary of Wilmar.Says YK Mishan will engage in rice milling.Says Wilmar Yihai Flour Investments Pte. Ltd. (WYFI), an indirect wholly-owned subsidiary of WCL,and YKI hold 70 pct and 10 pct equity interest in Yihai (Shijiazhuang) Oils & Grains Industries Co., Ltd (Yihai Shijiazhuang) respectively.Says WYFI and YKI have increased their respective investments in Yihai Shijiazhuang to 75 pct and 25 pct equity interest by respectively acquiring 5 pct and 15 pct equity interest.Says from Hebei Grains Industry Group Co., Ltd, which is not related to the Wilmar Group, for a total consideration of 86,000,000 Yuan.Says the principal activities of Yihai Shijiazhuang are milling of flour and crushing of peanuts.  Full Article

Wilmar International Ltd Announces Completion Of Disposal Of 15% Equity Interest In Fortune Gas Investment Holdings Limited
Tuesday, 12 Nov 2013 04:13am EST 

Wilmar International Ltd announced that with reference to the announcement made earlier, in relation to the proposed disposal of its 15% equity interest in Fortune Gas Investment Holdings Limited (FGIHL) (Disposal). The Company now announced it has received payment of the full USD60 million consideration in cash for the Disposal and the Disposal has been completed.  Full Article

Wilmar International Ltd Declares No Dividend
Thursday, 7 Nov 2013 04:39am EST 

Wilmar International Ltd announced that no interim (final) ordinary dividend has been declared (recommended) for the current financial period ended September 30, 2013.  Full Article

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