SINGAPORE (Yosefardi) – Wilmar International Ltd has divested an indirect 95% shares of PT Asiatic Persada to Prima Fortune International Ltd for undisclosed consideration.
Wilmar informed Singapore Exchange (SGX) Tuesday that Pacific Rim Palm Oil Ltd and Newbloom Pte Ltd, both direct wholly-owned subsidiaries of Wilmar, have disposed of their entire 51% and 44% equity shareholding in PT Asiatic Persada.
Wilmar International shares dropped 0.65% to S$3.08 on Wednesday (August 28) on SGX. The stock has dropped almost 25% from peak in January 2013. At the current price, Wilmar International has market capitalization of S$19.7 billion.