Wilmar International stock drops 1.5% in Singapore as palm oil turns lower; Muyuan IPO role in focus
Wilmar International shares fell 1.45% to S$3.39 in Singapore afternoon trading Friday, tracking a drop in palm oil futures as traders booked profits. The company was named a cornerstone investor in Muyuan Foods’ Hong Kong IPO, alongside Charoen Pokphand Foods, with both set to buy about $685 million in shares.