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Name | Symbol | Market | Type |
---|---|---|---|
Wilmar International Ltd (PK) | USOTC:WLMIY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.90 | 22.90 | 22.90 | 0.00 | 01:00:00 |
By Gaurav Raghuvanshi
SINGAPORE--Kellogg Co. (K) and Wilmar International Ltd. (F34.SG) said Monday they set up a 50:50 joint venture in China to produce and sell cereal and snacks.
Wilmar will contribute its infrastructure, supply chain and distribution network in China to the Shanghai-based venture, while Kellogg will bring a portfolio of globally recognized brands and products, Singapore-based Wilmar said in a statement, without giving any financial details of the joint venture.
Wilmar's China subsidiary, Yihai Kerry Investments Co., will participate in the joint venture, the Singapore-listed commodities supplier said in the statement.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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