Wilmar International ( Valuation: 2.00, Fundamental: 0.80)’s unit, Yihai Kerry Investments, has entered into two conditional joint venture agreements (JVAs) with Singapore Food Industries (SFI) to supply food to the China market.
SFI is a unit of ground-handling and in-flight catering service provider SATS.
Yihai and SFI will incorporate an investment holding company and an operating company in China and will each have a registered capital of RMB230 million ($50 million) and RMB200 million, respectively.
SFI will subscribe for 60% and Yihai will subscribe for 40% of the registered capital of each of these companies.
Shares in Wilmar ended 4.17% higher at $2.75 on Friday.
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SFI is a unit of ground-handling and in-flight catering service provider SATS.
Yihai and SFI will incorporate an investment holding company and an operating company in China and will each have a registered capital of RMB230 million ($50 million) and RMB200 million, respectively.
SFI will subscribe for 60% and Yihai will subscribe for 40% of the registered capital of each of these companies.
Shares in Wilmar ended 4.17% higher at $2.75 on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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