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Wilmar reports 51% rise in 1Q earnings to $509 mil; CEO Kuok says spinoff listing of China ops possible

PC Lee
PC Lee5/11/2017 06:00 PM GMT+08  • 3 min read
Wilmar reports 51% rise in 1Q earnings to $509 mil; CEO Kuok says spinoff listing of China ops possible
SINGAPORE (May 11): Agribusiness Wilmar International reported a 51% rise in 1Q earnings to US$361.6 million ($509 million).
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SINGAPORE (May 11): Agribusiness Wilmar International reported a 51% rise in 1Q earnings to US$361.6 million ($509 million).

Chairman and CEO Kuok Khoon Hong also announced that the group is carrying out an internal restructuring of its China operations with the possibility of a separate listing.

“As the proposed listing is still at evaluation stage, shareholders are advised to exercise caution in trading their shares. There is no certainty or assurance as at the date of this announcement that the listing proposal will be carried out,” added Kuok.

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