Two days ago Kerry Group Limited acquired $225,417 worth of shares in Wilmar at an average price of $3.45.
This has increased their stake in Wilmar to slightly over 11%.
Of particular significance is the price of $3.45 which might be the fair value deemed by the big boys.
This is no doubt a good news and a vote of confidence for Wilmar.
Personally I will continue holding my small stakes. It makes sense for small players to follow the big boys trend isn't it?
Snippet 1: Our former foreign minister Mr George Yeo is the chairman of Kerry Logistics and director of Kerry Holdings Ltd.
Snippet 2: Malaysia's richest man and sugar king Mr Robert Kuok is the chairman of Kerry Group Ltd.
And a big source of his wealth is his stake in Wilmar.