Wilmar International Limited
SIN:F34 ISIN:SG1T56930848
Wilmar International Limited (SIN:F34) is a Singapore-based investment holding company engaged in providing management services to its subsidiary companies. The Company operates in four segments: merchandising and processing, consumer products, plantation and palm oil mills, and others. The merchandising and processing segment includes merchandising of palm oil and laurics-related products. The consumer products segment bottled oil business in the People’s Republic of China, Vietnam and Indonesia. The plantation and palm oil mills segment is engaged in oil palm cultivation and milling. The other segment includes the business of manufacturing and distribution of fertiliser products and ship-catering services.
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CSR Limited (ASX:CSR) said Tuesday it has entered into an agreement to sell its Asian Business to Danish stone wool producer Rockwool Group for A$128 million.
The Australian share market gave up its early gains to finish 0.3 per cent lower on Monday while Asian markets were weaker. The benchmark S&P/ASX200 index was down 16.6 points, or 0.39 per cent, at 4,222.1, while the broader All Ordinaries index shed 14.3 points, or 0.34 per cent, to 4,250.6.
CSR Limited (ASX:CSR) said it has agreed to sell its sugar and renewable energy business, Sucrogen, to Singapore listed agribusiness Wilmar International Limited (SIN:F34) for A$1.75 billion.
Asian markets mostly gained on Friday. Japan's Nikkei was 0.2 per cent higher on upbeat industrial output data. Hong Kong's Hang Seng Index rose 1.0 per cent, while South Korea's Kospi added 0.5 per cent. China's Shanghai Composite Friday fell 0.3 per cent. Today metal and resource shares in the regional markets may face pressure after the massive earthquake that hit Chile.
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