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News Admin
 
Date
 20/07/2006
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 Reuters
Headline
 Singapore palm oil firm Wilmar says completes takeover

SINGAPORE, July 19 (Reuters) - Singapore-listed Wilmar International said on Wednesday it has completed a reverse takeover of EzyHealth Asia Pacific Ltd. and in compliance with regulations, it will sell 375 million shares in the company's enlarged and paid-up share capital.

Wilmar -- one of Asia's largest palm oil agribusinesses, which earned revenue of US$4.7 billion in 2005 -- said the price range for the share sale was S$0.62 to S$0.85 per share. However, it said the final price would be determined following a book-building process which will start on July 20.

Wilmar, which owns plantations and palm oil refineries in Malaysia and Indonesia, said it will start a road show for the share sale and will suspend trading in its shares until August 8. The shares closed at S$1.10 on Wednesday.

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