MT Newswires05-28 13:10
Wilmar International (SGX:F34) has been named among 10 palm oil companies under investigation by Indonesian authorities for suspected under-invoicing and transfer pricing of exports, according to a Thursday filing with the Singapore Exchange.
The company is yet to receive an official notification of the probe, but is working with the relevant authorities to understand their concerns.
Shares of the palm oil and agribusiness company were down 4% in Thursday trading.
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