Agribusiness

Olam gets US$1b loan to acquire US spice manufacturer
17 May 21
Olam International Limited, through a subsidiary, has two years to pay for the acquisition of Olde Thomson.
Bumitama Agri suffers 36.4% profit decline over taxes
14 May 21
The company’s profit was affected by Indonesian government's CPO levy and export tax.
Wilmar net profit doubles to a record-breaking US$450.2m
30 Apr 21
All of the food processing firm's core business segments grew in the first quarter.
Japfa net profits up 36.9% amidst pandemic, swine flu
30 Apr 21
Japfa's net profits were up 36.9% to US$35.5m.
Olam expands business with US spice manufacturer acquisition
29 Apr 21
Olam Food Ingredients is set to acquire Olde Thompson for US$900m.
Mondelez, Olam Food to develop cocoa farm in Indonesia
23 Apr 21
The project will use advanced climate and plant science technology.
Olam International to issue $100m perpetual securities
20 Apr 21
Thise will be consolidated with its existing $250m securities, issued under the same programme.
Golden Agri records better performance on higher CPO prices: analyst
3 Mar 21
It has posted a 15% drop in its FY2020 net profit to US$230m.
Japfa profits soar by 168% in 2020
1 Mar 21
The agri-food firm's profits were driven by its operations in Vietnam and China.
Golden Agri posts 15% loss in 2020
26 Feb 21
The Indonesian agriculture firm expects the demand in palm oil to recover in 2021.
Wilmar International FY2020 net profit surges 18.6% to US$1.53b
25 Feb 21
Its revenue for FY2020 increased 18.5% to US$50.53b.
ABC World Asia invests in agribusiness firm
7 Jan 21
Agri-tech firm CropIn will use the capital infusion for global expansion and analytics platform.
Archer Daniels Midland to cut stake in Wilmar, sell shares for $685.28m
20 Aug 20
The company had a 24.6% effective stake in Wilmar as of 4 March.
Olam posts 44.4% profit growth to $332.7m in H1
13 Aug 20
It was thanks to a net exceptional gain of $130.6m from the divestments in Far East Agri.
Temasek and Bayer form new agribusiness venture
13 Aug 20
Dubbed as Unfold, it utilises the seed genetics from vegetable crops to develop seed varieties.
Wilmar's profit jumped 49.8% to $839.92m in H1
12 Aug 20
Interim tax exempt (one-tier) dividend for H1 is at $0.04 apiece.
Wilmar unit YKA expects 15-30% profit growth in 9M 2020
11 Aug 20
It has submitted for the final registration approval for its Shenzhen IPO.
Wilmar unit YKA gets green light for Shenzhen IPO
7 Aug 20
It now seeks the final registration approval from the China Securities Regulatory Commission.
Wilmar's YKA may reach $19.7b valuation in IPO: analyst
2 Jul 20
YKA is currently backed by strong investor interest, which jacked up its IPO target.
Olam secures $522.49m European revolving credit facility
1 Jul 20
The facility has a 364-day tenor and is guaranteed by the firm.
Halcyon Agri to issue new ordinary shares at $0.22 apiece
23 Jun 20
This will be done on the basis of one rights share for every two existing ordinary shares.
Singapore, France assure intact supply chain between markets
9 Jun 20
They aim to ensure that transport and delivery links remain open, including via air and sea freight.
First Resources posts US$22 million first quarter profit
22 May 20
The Indonesia-based plantation operator's strong start to the year is unlikley to be repeated in Q2.
Olam's PATMI grew 6.1% to $179.1m in Q1
14 May 20
It was thanks to gains from selling their stake in Far East Agri.
Golden Agri-Resources sinks to $135m net loss in Q1
14 May 20
Its earnings shrank following the new crude palm oil export tax and levy.
Optimistic times ahead for Wilmar: analyst
12 May 20
Consumer products and its HORECA operations are tipped to improve in Q2.
Wilmar's core net profit up 22.5% to $435.19m in Q1
12 May 20
It came on the back of strong performances from consumer products.
Olam breaks off $156m deal on US onion and garlic facility
5 May 20
Mesirow has been unable to secure the required debt and equity financing.
Olam secures $249.09m term loan from IFC and JICA
29 Apr 20
Proceeds will be used for the procurement of specific agri-commodities.
Mitsubishi snaps up 20% stake in Olam for $1.53b
28 Aug 15
A Japanese JV is in the works.
Meet Singapore's trailblazing foreign firms at the International Business Awards 2014
25 Jul 14
More than 100 executives flocked to the event.
How Sarawak planters could suffer from Wilmar's new sourcing policy
17 Feb 14
They may lose RM400m in sales tax revenue.
Will Olam taste a sweet success this year?
26 Jan 12
It may have outperformed since the start of the year but analysts are still not entirely convinced.
Sino Grandness Food Ind. appoints Zhu Jun as Executive Director
25 Jan 12
His wealth of experience in investing gave him the job.
Noble Group set to name new CEO
16 Jan 12
Founder Richard Elman said the vacant executive helm will be filled up soon.
GMG Global appoints Alain Tien Sing Young as Vice President, Africa Region
4 Jan 12
The company put weight on his extensive executive experience in the continent.
Olam targets acquiring Macao Commodities Trading S.L.
22 Dec 11
The deal will offer an accelerated entry into the Spanish and larger Iberian market for Olam.
Wilmar acquisition sweetens stock outlook
20 Dec 11
Proserpine Sugar Mill purchase and low share price lead OCBC to upgrade call to Hold.
Sweet! Mill sale to Wilmar subsidiary approved, finally
9 Dec 11
Proserpine creditors will be paid in full before Christmas.
Wilmar International swamped with high inventory and delays
6 Dec 11
Double trouble as palm oil prices pick up and its plantation expansions run behind schedule.

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