SGX:F34
SGX:F34Food

What Wilmar International (SGX:F34)'s Landmark Indonesian Court Fine Means For Shareholders

In a recent development, Wilmar International announced that the Indonesian Supreme Court has ordered five of its subsidiaries to pay a fine of IDR 1 billion (about US$59,666) and compensation for state losses totaling more than IDR 11.88 billion (around US$708.85 million) related to a palm oil court case. This ruling not only imposes substantial financial penalties but also leads Wilmar to expect a net loss for the third quarter, marking a rare legal and operational challenge for the group...