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Wilmar International ( (SG:F34) ) just unveiled an announcement.
Wilmar International announced that the General Manager of its Indonesian subsidiary, P.T. Duta Sugar International, has been convicted and sentenced to four years in prison and fined for unlawful sugar importation activities in 2016. The court’s decision also resulted in the forfeiture of a substantial security deposit by DSI. Wilmar expressed regret over the disparity in legal outcomes compared to a related case involving a former Trade Minister, and pledged continued support for its General Manager.
The most recent analyst rating on (SG:F34) stock is a Hold with a S$3.50 price target. To see the full list of analyst forecasts on Wilmar International stock, see the SG:F34 Stock Forecast page.
More about Wilmar International
Wilmar International Limited, incorporated in Singapore, operates in the agribusiness industry, focusing on the production and trading of agricultural commodities, including sugar. The company has a significant market presence in Asia, particularly in Indonesia through its subsidiary P.T. Duta Sugar International.
Average Trading Volume: 6,722,381
Technical Sentiment Signal: Buy
Current Market Cap: S$19.6B
Learn more about F34 stock on TipRanks’ Stock Analysis page.
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