World · Singapore Bureau
George Yeo boosts Wilmar stake with additional 100,000 share purchase
The former Singapore foreign minister has increased his holding in the commodity trader to over one million shares, acquiring shares at $2.97 each amid recent market weakness. The purchase comes as Wilmar shares have declined more than 14 percent over the past month.
LSN Singapore ·
George Yeo has expanded his investment in Wilmar International, acquiring 100,000 additional shares at $2.97 per share in a move that takes his total holding above one million shares in the Singapore-listed commodity trading giant.
The transaction signals confidence in the company at a time when Wilmar shares have experienced significant pressure, falling more than 14 percent over the past month. The share purchase reflects Yeo's continued backing for the agribusiness firm, which trades in crude palm oil, grains, and other commodities across Asia.
Yeo, who served as Singapore's Foreign Minister before joining the private sector, has maintained a notable investment presence in several regional companies. His latest acquisition adds to his existing stake in Wilmar, one of Asia's leading commodity traders with operations spanning multiple countries across the region.
The purchase underscores investor interest in Wilmar despite recent headwinds affecting the company's stock price. The broader commodity trading sector has faced volatility in recent months amid global economic uncertainties and fluctuating raw material prices.