Agribusiness

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.
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.
Golden Agri Resources facing a slow growth harvest
5 Dec 11
Drop to 5% production growth expected in 2012, says Phillip Capital in a new report.
Reyphon Agriceutical appoints Xiang Zhijing as Group Finance Manager
2 Dec 11
Ms. Xiang will be tasked to handle finance and accounting matters of the Group.
Olam invests $49m to till Nigerian soils
2 Dec 11
It will set up a 6,000 hectare greenfield, fully integrated, mechanised and irrigated paddy farming and rice milling facility in one of Nigeria...
Californication: Wilmar ties up with Gavilon for Stockton facility
2 Dec 11
They will import and process palm, coconut and palm kernel oils to serve the California and neighboring West Coast markets.
Global Palm’s expansion to slow down in 2012
29 Nov 11
OCBC says not to expect much as GPR has further lowered its new planting target for 2012 to just 770 ha.
What you need to know about the commodities sector
24 Nov 11
Analyst described the outlook as mixed at best.
SPRING invests $45mn in food manufacturing industry
17 Nov 11
The initiative aimed to improve productivity by 20% as Singapore’s food industry enjoys a good reputation here and overseas.
Is sweet success near for Wilmar subsidiary and Proserpine?
17 Nov 11
Sucrogen now awaits creditors’ approval after striking a deal with Proserpine Administrators.
Samko Timber appoints Johan Yanto as Chief Financial Officer
15 Nov 11
Mr. Yanto will replace Untoro Angkawijaya, who had been given a new responsibility in the Group to oversee/develop a new business unit.
Who lost S$2.8m in Olam’s commodity financial business?
15 Nov 11
It recorded a quarterly loss of S$2.8m versus 1QFY11’s S$4.4m profit.
Olam International profit up 15.1% to S$34.2mn
14 Nov 11
The company was able to weather the growing and spreading sovereign debt crisis as well as a looming banking and financial crisis in Europe,...
China Minzhong profit up 77.9%
14 Nov 11
The company cited better product mix, improved yield from maturing farmland, and higher operating efficiency as the drivers.
Golden Agri-Resources profit up 11% to US$110m in the third quarter
14 Nov 11
GAR profit for the first nine months more than doubled to US$520m, thanks to the recovery of palm products output.

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