Wilmar Holdings Pte Ltd (WHPL), a 48.1% substantial shareholder of Wilmar International Ltd (Wilmar), has informed the group that its liquidator had on 1 April made an interim distribution of about 40% of its shares held in the company – amounting to 1.19bn Wilmar shares – in specie to its shareholders.
Similarly, the liquidator of Wilmar International Holdings Ltd (WIHL), which owns 91.3% of WHPL, made an interim distribution to its shareholders of all the shares held by the liquidator of WHPL, which WIHL is entitled to receive from WHPL’s interim distribution. WIHL is entitled to receive 1.095bn shares in Wilmar following the interim distribution.
In the aftermath, Wilmar’s free float will rise to 17.7% from 13.6%. The shareholding interests of existing key substantial shareholders will also change.
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