21-10-2015, 10:26 AM
The reason for the recent share price performance?
ADM boosts Wilmar stake as Asian palm oil demand rises
CHICAGO (Oct 21): Archer-Daniels-Midland Co. raised its stake in Wilmar International Ltd. ( Valuation: 2.60, Fundamental: 0.80), the Singapore-based company that trades almost half the world’s palm oil, as demand for the commodity used in bread to shampoo grows in Asia.
ADM, the world’s largest corn processor, “opportunistically acquired shares of Wilmar in the open market” recently, spokeswoman Jackie Anderson said in an e-mailed statement. Tuesday’s purchases represented about 22% of the total volume of Wilmar traded on the Singapore Exchange, according to Chicago-based ADM, which declined to disclose its current total stake and said it’s not a controlling stake. It held an 18% stake as of March 10, according to data compiled by Bloomberg.
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http://www.theedgemarkets.com/sg/article...mand-rises
ADM boosts Wilmar stake as Asian palm oil demand rises
CHICAGO (Oct 21): Archer-Daniels-Midland Co. raised its stake in Wilmar International Ltd. ( Valuation: 2.60, Fundamental: 0.80), the Singapore-based company that trades almost half the world’s palm oil, as demand for the commodity used in bread to shampoo grows in Asia.
ADM, the world’s largest corn processor, “opportunistically acquired shares of Wilmar in the open market” recently, spokeswoman Jackie Anderson said in an e-mailed statement. Tuesday’s purchases represented about 22% of the total volume of Wilmar traded on the Singapore Exchange, according to Chicago-based ADM, which declined to disclose its current total stake and said it’s not a controlling stake. It held an 18% stake as of March 10, according to data compiled by Bloomberg.
...
http://www.theedgemarkets.com/sg/article...mand-rises
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