SINGAPORE (Dec 10): Kuok Khoon Hong, chairman and CEO of Wilmar International, acquired one million of its shares from the market on Nov 30. At an average price of $3.0482 each, Kuok spent just over $3.04 million on the purchase, which was made via an entity called HPRY Holdings, a privately held investment holding vehicle of which he is a deemed beneficiary.

With this purchase, Kuok’s deemed interest in Wilmar has increased to more than 793.4 million shares. Together with his existing direct interest of 995,000 shares, Kuok has a total interest of more than 794.4 million shares in the company, which works out to a stake of 12.5567%, up from 12.5409% previously.

The most recent changes in insiders’ holdings in the company was on Nov 14, when Wilmar announced that share options awarded to directors and certain company executives had expired without being exercised.

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