On May 30, Wilmar International : F34 0% chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 1,757,900 shares at an average price of S$3.10 per share. This increased his total interest from 13.98 per cent to 14.01 per cent. Kuok has been gradually increasing his total interest in Wilmar from 12.94 per cent in October 2022.

 

On May 30, Wilmar&rsquo s executive and non-independent director Teo La-Mei also acquired 10,000 shares at S$3.10 per share. This increased her direct interest to 1.75 million shares, which represents 0.03 per cent of the company. Teo is the group legal counsel and company secretary.

Between May 9 and 16, Wilmar International : F34 0% chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 4,041,000 shares. This increased his total interest from 13.85 per cent to 13.91 per cent.

 

HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 1,010,250 shares at an average price of S$3.16 per share. Kuok has been gradually increasing his total interest in Wilmar from 12.94 per cent in October 2022.

 

INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional outflow, as 25 primary-listed companies conducted buybacks with a total consideration of S$32.5 million.

 

Leading the net institutional outflow over the five sessions were Seatrium : 5E2 0%, UMS Holdings : 558 0%, Singapore Airlines : C6L 0%, Mapletree Logistics Trust : M44U 0%, Wilmar International : F34 0%, DBS : D05 0%, AEM Holdings : AWX 0%, Jardine Matheson Holdings : J36 0%, Jardine Cycle & Carriage : C07 0% and City Developments : C09 0%.

 

Yangzijiang Shipbuilding : BS6 0%, Singapore Technologies Engineering : S63 0%, OCBC : O39 0%, Singtel : Z74 0%, Great Eastern : G07 0%, Riverstone : AP4 0%, UOB : U11 0%, CapitaLand Investment : 9CI 0%, Hongkong Land : H78 0% and Samudera Shipping Line : S56 0% led the net institutional inflow over the five sessions.

 

In the five trading sessions, almost 90 changes to director interests and substantial shareholdings were filed for nearly 50 primary-listed stocks. Directors or chief executive officers filed 22 acquisitions and three disposals substantial shareholders filed 10 acquisitions and seven disposals.

 

Between May 6 and 9, Wilmar International : F34 0% chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agribusiness by 5,762,800 shares. This raised his total interest from 13.81 per cent to 13.9 per cent.

 

HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 1,440,700 shares at an average price of S$3.18 per share.

 

Kuok&rsquo s preceding acquisitions were on Apr 30 at S$3.23 per share and May 2 at S$3.21 per share. He has been gradually increasing his total interest in Wilmar from 12.94 per cent in October 2022.

 

For the 2024 year through to May 9, Wilmar has ranked among the 20 Singapore-listed stocks that have booked the most net retail inflow.

 

On May 7, Wilmar executive and non-independent director Teo La-Mei also acquired 30,500 shares at S$3.19 per share. This increased her direct interest to 1.73 million shares, which represents 0.03 per cent of the group.

 

Teo is the group legal counsel and company secretary. She has extensive experience in legal and corporate secretarial matters. Teo is also a director of Perennial Holdings and Perennial Group, and a member of the corporate governance and regulatory interest group of the Singapore International Chamber of Commerce.

 

Kuok maintained that Wilmar will continue to invest in developing new businesses which have synergies with its existing operations, and position itself to tap the growth potential of emerging markets.

 

He added that with a focus on improving efficiencies of operations, reducing capital expenditure and extracting benefits from its past expansions, the group believes that this strategic direction will enable it to deliver stronger results and greater value to its customers, partners and shareholders.

 

On May 9, Wilmar announced it had secured a three-year, US$100 million sustainability-linked loan from Maybank. Under the facility, the interest rate will be reduced on a tiered basis, based on Wilmar achieving a set of pre-determined environmental, social and governance metrics.

 

These targets include Wilmar&rsquo s internal key performance indicators as well as external benchmarking standards, one of which is its continued inclusion in the Dow Jones Sustainability Indices World Index. Wilmar is the only Singapore-incorporated company under the category of Food Products to be listed in this index, and has maintained its inclusion for three consecutive years since November 2021.