Billionaire Kuok Khoon Hong Singapore-Listed $16 Billion Palm Oil Giant Wilmar International Subsidiary (Duta Sugar International) Indonesia General Manager Sentenced to 4-Year Jail Term & Fined $12,000 after Court Conviction for Illegal Raw Sugar Import in 2016 Resulting in Indonesia Government $35 Million Losses
10th November | Hong Kong
Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($16 billion market value) subsidiary (Duta Sugar International) general manager has been sentenced to 4-year jail term & fined $12,000 after court conviction for illegal raw sugar import in 2016 resulting in Indonesia government $35 million losses. In 2025 October, Wilmar International subsidiary (Duta Sugar International) general manager was charged for illegal raw sugar import in 2016 resulting in Indonesia government $35 million losses. In 2025 September, Wilmar International 5 subsidiaries were fined $725 million & subsidiaries (Permata Hijau & Musim Mas) found guilty of corruption by Indonesia Supreme Court in appeal by prosecutors after Wilmar acquittal in Indonesia palm oil export permits lawsuit. Wilmar $725 Million security deposit is forfeited to pay the fine of Wilmar 5 subsidiaries (Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia). Wilmar current market value at $14 billion, with share price -7.4% YTD, -9.2% last 12 months & +35.2% last 5 years. In 2025 August, Wilmar International subsidiary Padi Indonesia 3 employees were named as suspects (President Director, Factory Head & Head of Quality Control) in fraud for selling low quality rice as premium products at inflated price. In 2025 July, Wilmar International was listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality rice as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
“ Billionaire Kuok Khoon Hong Singapore-Listed $16 Billion Palm Oil Giant Wilmar International Subsidiary (Duta Sugar International) Indonesia General Manager Sentenced to 4-Year Jail Term & Fined $12,000 after Court Conviction for Illegal Raw Sugar Import in 2016 Resulting in Indonesia Government $35 Million Losses “
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Billionaire Kuok Khoon Hong Singapore-Listed $14 Billion Palm Oil Giant Wilmar International Subsidiary (Duta Sugar International) General Manager in Indonesia Charged for Illegal Raw Sugar Import in 2016 Resulting in Indonesia Government $35 Million Losses
21st October – Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($14 billion market value) subsidiary (Duta Sugar International) general manager charged for illegal raw sugar import in 2016 resulting in Indonesia government $35 million losses. In 2025 September, Wilmar International 5 subsidiaries were fined $725 million & subsidiaries (Permata Hijau & Musim Mas) found guilty of corruption by Indonesia Supreme Court in appeal by prosecutors after Wilmar acquittal in Indonesia palm oil export permits lawsuit. Wilmar $725 Million security deposit is forfeited to pay the fine of Wilmar 5 subsidiaries (Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia). Wilmar current market value at $14 billion, with share price -7.4% YTD, -9.2% last 12 months & +35.2% last 5 years. In 2025 August, Wilmar International subsidiary Padi Indonesia 3 employees were named as suspects (President Director, Factory Head & Head of Quality Control) in fraud for selling low quality rice as premium products at inflated price. In 2025 July, Wilmar International was listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality rice as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Billionaire Kuok Khoon Hong Singapore-Listed $14 Billion Palm Oil Giant Wilmar 5 Subsidiaries Fined $725 Million & Subsidiaries (Permata Hijau & Musim Mas) Found Guilty of Corruption by Indonesia Supreme Court in Appeal by Prosecutors after Wilmar Acquittal in Indonesia Palm Oil Export Permits Lawsuit, Wilmar $725 Million Security Deposit to be Forfeited to Pay the Fine of 5 Subsidiaries (Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia), Current Market Value at $14 Billion, Share Price -7.4% YTD, -9.2% Last 12 Months & +35.2% Last 5 Years
27th September – Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($14 billion market value) 5 subsidiaries have been fined $725 million & subsidiaries (Permata Hijau & Musim Mas) have been found guilty of corruption by Indonesia Supreme Court in appeal by prosecutors after Wilmar acquittal in Indonesia palm oil export permits lawsuit. Wilmar $725 Million security deposit is forfeited to pay the fine of Wilmar 5 subsidiaries (Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia). Wilmar current market value at $14 billion, with share price -7.4% YTD, -9.2% last 12 months & +35.2% last 5 years. In 2025 August, Wilmar International subsidiary Padi Indonesia 3 employees were named as suspects (President Director, Factory Head & Head of Quality Control) in fraud for selling low quality rice as premium products at inflated price. In 2025 July, Wilmar International was listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality rice as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Billionaire Kuok Khoon Hong Singapore-Listed $14 Billion Palm Oil Giant Wilmar Subsidiaries (Permata Hijau & Musim Mas) Found Guilty of Corruption by Indonesia Supreme Court in Appeal by Prosecutors after Wilmar Acquittal in Indonesia Palm Oil Export Permits Lawsuit, Wilmar $725 Million Security Deposit to be Forfeited, Current Market Value at $14 Billion, Share Price -7.4% YTD, -9.2% Last 12 Months & +35.2% Last 5 Years
26th September – Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($14 billion market value) subsidiaries (Permata Hijau & Musim Mas) have been found guilty of corruption by Indonesia Supreme Court in appeal by prosecutors after Wilmar acquittal in Indonesia palm oil export permits lawsuit, and with Wilmar $725 Million security deposit to be forfeited. Wilmar current market value at $14 billion, with share price -7.4% YTD, -9.2% last 12 months & +35.2% last 5 years. In 2025 August, Wilmar International subsidiary Padi Indonesia 3 employees were named as suspects (President Director, Factory Head & Head of Quality Control) in fraud for selling low quality rice as premium products at inflated price. In 2025 July, Wilmar International was listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality rice as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Billionaire Kuok Khoon Hong Singapore-Listed $15 Billion Palm Oil Giant Wilmar Subsidiary Padi Indonesia 3 Employees Named as Suspects (President Director, Factory Head & Head of Quality Control) in Fraud for Selling Low Quality Rice as Premium Products at Inflated Price, Wilmar Earlier Transferred $725 Million as Security Deposit to Indonesia Prosecutor (Attorney General’s Office) for Alleged Misconduct in Indonesia Palm Oil Export Permits, Indonesia Prosecutor Filed Appeal after Indonesia Court Cleared Wilmar of Bribery Charges
7th August – Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($15 billion market value) subsidiary Padi Indonesia 3 employees have been named as suspects (President Director, Factory Head & Head of Quality Control) in fraud for selling low quality rice as premium products at inflated price. In 2025 July, Wilmar International was listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality rice as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Billionaire Kuok Khoon Hong Singapore-Listed $15 Billion Palm Oil Giant Wilmar Listed as 1 of 26 Premium Rice Brands Being Investigated in Indonesia for Selling Low Quality Rice as Premium Products at Inflated Price, Wilmar Earlier Transferred $725 Million as Security Deposit to Indonesia Prosecutor (Attorney General’s Office) for Alleged Misconduct in Indonesia Palm Oil Export Permits, Indonesia Prosecutor Filed Appeal after Indonesia Court Cleared Wilmar of Bribery Charges
26th July – Billionaire Kuok Khoon Hong Singapore-listed palm oil giant Wilmar International ($15 billion market value) has been listed as 1 of 26 premium rice brands being investigated in Indonesia for selling low quality price as premium products at inflated price (Media report by Jakarta Globe). In 2025 June, Singapore-listed palm oil giant Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2025 July, Wilmar International subsidiary Lense announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Singapore-Listed $15 Billion Palm Oil Giant Wilmar International Subsidiary Lense Buys 20% of Adani Enterprises Unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 Billion & Will Own Maximum 63.94% of AWL Agri Business Post-Transaction Subject to Strategic Investors in Transaction
18th July – Singapore-listed palm oil giant Wilmar International ($14 billion market value) subsidiary Lense has announced to buy 20% of Adani Enterprises unit AWL Agri Business (Formerly Adani Wilmar) for $1.2 billion, and will own maximum 63.94% of AWL Agri Business post-transaction subject to strategic investors in transaction. In 2025 June, Wilmar International transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Singapore-Listed $14 Billion Palm Oil Giant Wilmar Transferred $725 Million as Security Deposit to Indonesia Prosecutor (Attorney General’s Office) for Alleged Misconduct in Indonesia Palm Oil Export Permits, Indonesia Prosecutor Filed Appeal after Indonesia Court Cleared Wilmar of Bribery Charges
19th June – Singapore-listed palm oil giant Wilmar International ($14 billion market value) has transferred $725 million as security deposit to Indonesia prosecutor (Attorney General’s Office) for alleged misconduct in Indonesia palm oil export permits, with Indonesia prosecutor filing appeal after Indonesia court had cleared Wilmar of bribery charges. In 2024 July, Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Singapore Palm Oil Giant Wilmar Chairman Kuok Khoon Hong with $2.7 Billion Fortune Nephew Glenn Kuok & Mother Lee Yong Lah Buy Singapore Astrid Hill Good Class Bungalow for $36 Million, Lee Yong Lah Husband is Kuok Koon Seng Who is Brother of Kuok Khoon Hong, Their Uncle is Billionaire Robert Kuok Who Owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics
18th July 2024 – Singapore palm oil giant Wilmar Chairman Kuok Khoon Hong ($2.7 billion fortune) nephew Glenn Kuok & mother Lee Yong Lah have bought a Singapore Astrid Hill Good Class Bungalow (GCB) for $36 million (S$45 million). Lee Yong Lah husband is Kuok Koon Seng, who is the brother of Kuok Khoon Hong. The Kuok family is one of the most successful business families in Southeast Asia. Their uncle is billionaire Robert Kuok (Malaysia, residing in Hong Kong), who owns Kuok Group, Shangri-La Hotels & Resorts, Kerry Properties & Kerry Logistics. Kuok Khoon Hong’s son Kuok Meng Ru, is the CEO of Caldecott Music Group (CMG, owns BandLab Technologies, NME Networks, and Vista Musical Instruments). Earlier in 2024 June, Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Singapore-Listed $14.7 Billion Palm Oil Giant Wilmar International Chairman Kuok Khoon Hong Buys $2.2 Million of Wilmar Shares via 4 Holding Companies HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings, Kuok Khoon Hong Wilmar Shareholding Increased by 0.02% to 14.07%, Kuok Khoon Hong Co-founded Wilmar in 1991, Billionaire with Personal Fortune at Around $2.7 Billion, Nephew of Robert Kuok with $12 Billion Fortune
6th June 2024 – Singapore-listed palm oil giant Wilmar International (5/6/24: $14.7 billion market value) Chairman Kuok Khoon Hong has bought $2.2 million (S$3.08 million) of Wilmar shares via 4 holding companies (HPRY Holdings, Longhlin Asia, Hong Lee Holdings & Jaygar Holdings) at average price of $3.08 (total of 1 million shares). With the purchase, Kuok Khoon Hong Wilmar shareholding increased by 0.02% to 14.07%. Kuok Khoon Hong co-founded Wilmar in 1991, and is one of the richest man in Singapore and a billionaire with personal fortune at around $2.7 billion. Kuok Khoon Hong is the nephew of Malaysia tycoon and Hong Kong-based Robert Kuok with $12 billion fortune. Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024. Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
Kuok Khoon Hong Profile – Mr Kuok Khoon Hong, 74, is the Chairman and Chief Executive Officer (“CEO”) of the Group. He has extensive experience in the agribusiness industry and has been involved in the grains, edible oils and oilseeds businesses since 1973. Mr Kuok is the Chairman of the Executive Committee and the Share Purchase Committee, and a member of the Nominating Committee, Risk Management Committee and Board Sustainability Committee. He holds directorships in other listed companies, namely Shree Renuka Sugars Limited, Yihai Kerry Arawana Holdings Co., Ltd and Adani Wilmar Limited. Mr Kuok is also a Director of Perennial Holdings Private Limited and Perennial Group Private Limited. He graduated from the then University of Singapore with a Bachelor of Business Administration degree. Mr Kuok was appointed to the Wilmar Board and as Chairman on 24 March 2006 and 14 July 2006, respectively. He was last re-elected on 19 April 2024.
Wilmar Profile – Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange. Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining, manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats, oleochemicals, biodiesel and fertilisers as well as food park operations.
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