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 purchased 100,000 shares in Wilmar International, increasing his ownership to over one million shares. The agri-business conglomerate's stock has declined by more than 14% over the past month. Yeo, who serves as an independent director on Wilmar's board, bought the additional shares on the open market on November 4, as reported by the Singapore Exchange.
This move comes amid heightened regulatory scrutiny, following the National Environment Agency's (NEA) serving of 10 Singapore-registered companies with notices seeking documents and information regarding their corporate links, Indonesian land concessions, and fire prevention efforts. The haze affecting Singapore and Malaysia has prompted Wilmar to engage external assessors and provide relevant information to the authorities.
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