PPB weighs options on cash, may raise stake in Wilmar

KUALA LUMPUR: PPB Group Bhd, which is sitting on a huge cash pile of RM1.2bil, does not rule out increasing its stakes in associate Singapore SGX-listed company Wilmar International Ltd.

PPB which owns an 18.55% stake in Wilmar, may do so if valuations compress or prices go down, however, its managing director Lim Soon Huat said it was not a priority for the time being yet.