Wilmar establishes four subsidiaries across Asia

Submitted By:  Clarist Zablan Case Study:  No Its new China unit will have a registered capital of $61.22m. Wilmar International is setting up four subsidiaries across Solomon Island, China, Myanmar and Sri Lanka, the company revealed in an announcement. Yihai Kerry (Hunan) Oils, Grains & Foodstuffs (YK Hunan) will be a direct wholly-owned subsidiary of Yihai Kerry Arawana Holdings (YKA), Wilmar’s indirect 99.99% owned subsidiary. With a registered capital of $61.22m (RMB300m), it will engage in rice and flour milling as well as edible oils refining and packing. read more