<div class=newsTextDataWrapInner><p>SINGAPORE (March 11): Wilmar International is acquiring the remaining 50% stake in FPW Singapore Holdings it does not already own from Oceanica Developments for US$180 million (S$244.55 million).</p></div>

<div class=newsTextDataWrapInner><p>FPW Singapore Holdings indirectly wholly owns Goodman Fielder and its companies which manufacture, market, and distribute food ingredients and consumer branded food, beverage and related products.</p></div>

<div class=newsTextDataWrapInner><p><em><strong>See:</strong> <a href="https://www.theedgesingapore.com/article/australian-consumer-watchdog-clears-wilmar-goodman-fielder-acquisition" target="_blank">Australian consumer watchdog clears Wilmar for Goodman Fielder acquisition</a></em></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Oceanica Developments is an indirect wholly-owned subsidiary of First Pacific Company, an investment management firm listed on the Hong Kong Stock Exchange (HKSE)... <a href="https://www.theedgesingapore.com/wilmar-us275-mil-takeover-deal-fully-acquire-food-company-goodman-fielder" target="_blank">(Click here to read the full story)</a></p></div>


Wilmar International is acquiring the remaining 50% stake in FPW Singapore Holdings it does not already own from Oceanica Developments for US$180 million (S$244.55 million).

Wilmar in US$275m takeover deal to fully acquire food company Goodman Fielder

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<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.</p>


<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>


<p>US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.</p>
