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Wilmar International Ltd Announces Changes To Wilmar Subsidiaries And Associated Companies

Wednesday, 12 Jun 2013 05:19am EDT 

Wilmar International Ltd annouced the establisment of the following subsidiaries; Jiangsu Spring Grain Nutrition Co., Ltd, a direct 60% owned subsidiary of Yihai Kerry Investments Co., Ltd., which is in turn, a direct wholly-owned subsidiary of Wilmar China Limited, an indirect wholly-owned subsidiary of Wilmar. JSGN has a registered share capital of USD10,000,000 and will engage in processing of Vitamin E and Pyramid Wilmar Plantations (Private) Ltd, an indirect 87.5% owned subsidiary of Wilmar. The issued and paid-up capital of PWPPL is USD400,000 with principal activity of PWPPL is investment holding. Wilmar International Ltd also announced acquisition of associated company Estate Management Services (Private) Ltd. Estate Management Services (Private) Ltd is an indirect (30.625%) owned associated Company of Wilmar. The Company also announced the Cessation of the following companies; Newday Holdings Ltd has been dissolved and ceased to be an indirect wholly-owned subsidiary of Wilmar in June 2013; KOG Investments Pte Ltd, a direct wholly-owned subsidiary of Wilmar, has disposed of its entire 100% equity interest in LLC Wilmar Far East for a consideration of 10,000 Russian Rubles; Wilmar Yihai Investments Pte. Ltd., an indirect wholly-owned subsidiary of WCL, has disposed of its entire 32.89% equity interest in Shandong Luhua Group Commerce Co., Ltd for a total consideration of RMB3,289,000.