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Wilmar’s chairman and CEO acquires 1 mil shares at $3.08 per share

Felicia Tan
Felicia Tan • 1 min read
Wilmar’s chairman and CEO acquires 1 mil shares at $3.08 per share
Kuok Khoon Hong, the co-founder, chairman and CEO of Wilmar International. Photo: The Edge Singapore
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Kuok Khoon Hong, the co-founder, chairman and CEO of Wilmar International F34 -

, has acquired a total of 1 million shares in the company.

The shares were acquired via four companies which Kuok is deemed to be interested in. Each of these companies – HPRY Holdings Limited, Longhlin Asia Limited, Hong Lee Holdings and Jaygar Holdings – each acquired 250,000 shares in Wilmar at an average price of $3.08 per share on June 3, bringing the total purchase price to around $3.08 million.

Following the purchase, Kuok’s total stake in Wilmar is now at 14.07% from 14.05% previously, representing some 878.27 million shares held in the group.

Kuok has been steadily purchasing shares in Wilmar since April 30, a day after Wilmar reported its business update for the 1QFY2024 ended March 31. Before Kuok's transaction on April 30, he held a total stake - direct and deemed - of 13.7% in the company, which amounts to some 854.9 million shares.

Shares in Wilmar closed 1 cent lower or 0.32% down at $3.08 on June 3.

See also: Chairman and CEO Kuok raises stake in Wilmar International following softer 1Q

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