Wilmar International (F34) has detailed a broad series of corporate actions undertaken between Jul, 1 2025 and Dec, 31 2025, covering new incorporations, mergers, acquisitions, stake changes and exits across its global network of subsidiaries, joint ventures and associates.

The group incorporated 11 new entities—nine in China, one in Brazil and one in Malaysia—covering activities from tea trading and food distribution to biotechnology, cosmetics ingredients and stearate production. Wilmar’s effective stakes range from 9 per cent to nearly 90 per cent.

A merger of two Qingdao-based edible-oil subsidiaries was completed on Dec, 15 2025, with Qingdao Kerry Peanut Oil Co., Ltd amalgamated into Kerry Oils & Grains (Qingdao) Ltd, which continues operations in refining, fractionation, packaging and peanut crushing.

Key acquisitions included full control of Shanghai Yijia Logistics Co., Ltd and Lerk Ik Feng (Shanghai) Enterprise Development Co., Ltd, majority stakes in Yihai Kerry (Shanghai) Commercial Co., Ltd, and minority positions in four mainland food-processing firms and Hangzhou Xibo Yihai Kitchen Application Technology Co., Ltd. In Malaysia, PGEO Group Sdn. Bhd. bought 50 per cent of BWY Group Sdn. Bhd., creating a new investment-holding joint venture, while a RMB-denominated purchase lifted Arawana Jinchu (Guangdong) Condiments Co., Ltd to wholly-owned status. Wilmar also assumed full ownership of Nigerian palm-oil refiner PZ Wilmar Ltd after acquiring the remaining 50 per cent stake in Nov 2025.

Shareholding shifts included a slight dilution in Singapore-based Perennial Group Private Limited to 16.08 per cent and a marginal reduction in Wilmar Sugar Pte. Ltd. to 83.666 per cent following employee option exercise.

During the half-year, Wilmar exited several positions: it sold its 30 per cent interest in Wanqi Wilmar (Taizhou) Biotechnology Co., Ltd, divested China’s Jalaid Banner Hol-Wilmar Agriculture Development Co., Ltd, and completed or initiated liquidations of multiple dormant entities across Singapore, Hong Kong, the Philippines, Malaysia, Ethiopia and Tanzania.

Wilmar stated that these measures align with its ongoing portfolio optimisation strategy and will be reflected in its forthcoming financial statements.