The chief executives of commodity trader Wilmar International and Perennial Real Estate are leading a group of investors in setting up a property joint venture with a target capital base of S$500 million. Wilmar CEO Kuok Khoon Hong will hold a 49.5-per-cent stake in the joint venture - named Perennial Real Estate Holdings, while Perennial Real Estate CEO Pua Seck Guan will take up a 20-per-cent...
Wilmar International
Wilmar International said on Wednesday it has won the bidding for six land sites in China's Liaoning province for a total of US$204.4 million in partnership with two Hong Kong firms. The bids were won by a consortium formed by SGX-listed Wilmar with Kerry Properties and Shangri-la Asia. All three firms are linked to Malaysian billionaire Robert Kuok. Wilmar is the the world's largest-listed palm oil...
Mainboard-listed commodities giant Wilmar International said on Wednesday its wholly-owned subsidiary WCA is bidding for six land sites in Liaoning Province, China. This will be done through a joint bid agreement with two companies - Kerry Properties and Shangri-La China. The sites are designated for residential and commercial use and have a total gross site area of about 566,000 square metres. The...