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Wilmar International is expanding its operations in Nigeria, driven by the country’s improving economic situation and policies that have boosted government finances and foreign exchange reserves.

Wilmar International’s operations in Indonesia are under scrutiny due to corruption charges, threatening regional market stability and impacting its associate PPB Group Bhd.

Wilmar International Ltd’s share price has declined to a five-year low following a settlement agreement with Indonesia’s Attorney General Office.

Wilmar International’s stock price has hit a five-year low after the company agreed to pay a $729 million deposit to Indonesia’s Attorney General Office amid corruption allegations.

Wilmar International Limited’s stock price has seen significant volatility, with a 25% decline in short interest and fluctuating prices between SGD 2.99 and SGD 3.55, raising questions about the company’s future performance.