George Yeo adds 100,000 Wilmar shares at S$2.97 apiece, taking stake to over 1 million shares
Shares of Wilmar are down by more than 14% over the past month
Former Singaporean minister George Yeo has expanded his stake in Wilmar International by purchasing an additional 100,000 shares at S$2.97 apiece, bringing his total ownership to over 1 million shares. The agri-business magnate, who serves as an independent director on Wilmar's board, completed the buy on Nov 4, as reported by the Singapore Exchange.
Wilmar, which operates oil palm concessions in Indonesia, has experienced a decline in its stock price of more than 14% over the past month. The company found itself in the spotlight recently when the National Environment Agency (NEA) sent notices to 10 Singapore-registered firms, requesting documents and information related to their corporate ties, Indonesian land holdings, and fire prevention measures in the context of worsening transboundary haze. This came amid Singapore's deteriorating air quality and the haze affecting neighboring countries.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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