The four entities are HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings. The purchase of 216,700 shares in total brings Kuok’s deemed interest in Wilmar to more than 861.4 million shares, equivalent to 13.8%. Together with Kuok’s direct stake of 2.995 million shares, he has a total stake of 13.85% in the agribusiness group.
Kuok Khoon Hong, chairman and CEO of Wilmar International (SGX:F34
) , has again bought more shares in the open market after the company reported lower 1QFY2024 ended March earnings.
On May 8, four entities, in which Kuok was deemed to have an interest, were used to acquire 54,175 shares each on the open market, at an average price of $3.18 each.
