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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.084 | 0.36% | 23.20 | 22.85 | 23.67 | 23.20 | 22.85 | 23.12 | 12,945 | 21:01:13 |
From Jul 2019 to Jul 2024
By Ronnie Harui
Wilmar International Ltd.'s shares fell sharply after U.S. grain giant Archer Daniels Midland Co. said on Wednesday that it plans to sell US$500 million of shares in the Singapore-listed company.
Shares in Wilmar were down 9.9% at S$4.38 in early Asian trade on Thursday. ADM estimated its stake in Wilmar at 24.8% of the company's equity at the end of last year.
ADM said it will still hold at least 20% of Wilmar's equity interest after the sale and expects to use the proceeds for general corporate purposes, which could include meeting its working-capital requirements.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
August 19, 2020 22:09 ET (02:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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