--- title: "Wilmar China unit found guilty of contractual fraud" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/266660457.md" description: "Wilmar International's subsidiary, Yihai Kerry Arawana Holdings, reported that its unit, Guangzhou Yihai, was found guilty of contractual fraud by a Chinese court. The company was fined $183,912.50 and ordered to cover $345.7m in losses. A former manager received a 19-year sentence. Guangzhou Yihai disputes the judgment and plans to appeal, with the fine pending appeal outcome. The financial impact on Wilmar Group is uncertain." datetime: "2025-11-20T03:35:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266660457.md) - [en](https://longbridge.com/en/news/266660457.md) - [zh-HK](https://longbridge.com/zh-HK/news/266660457.md) --- > 支持的语言: [English](https://longbridge.com/en/news/266660457.md) | [繁體中文](https://longbridge.com/zh-HK/news/266660457.md) # Wilmar China unit found guilty of contractual fraud **Guangzhou Yihai was fined $183,912.50 (RMB1m) and intends to appeal.** Wilmar International Limited’s 89.99%-owned subsidiary, Yihai Kerry Arawana Holdings Co., Ltd (YKA), has reported that its PRC subsidiary, Yihai (Guangzhou) Oils & Grains Industries Co., Ltd, was found guilty of contractual fraud by the Intermediate People’s Court of Huaibei City. Guangzhou Yihai was fined $183,912.50 (RMB1m) and, together with Yunnan Huijia Import and Export Co., Ltd, ordered to cover $345.7m (RMB1.88b) in losses to state-owned Anhui Huawen International Trade Co., Ltd. Meanwhile, a former general manager of Guangzhou Yihai was sentenced to 19 years in prison and fined $514,914 (RMB2.8m), with illicit gains confiscated. Guangzhou Yihai disputes the judgment, asserting that Yunnan Huijia fabricated transactions and shifted responsibility. The company intends to appeal, and the fine is not payable pending the outcome. The ultimate financial impact on Wilmar Group remains uncertain. RM1 = $0.18 ### 相关股票 - [Wilmar (F34.SG)](https://longbridge.com/zh-CN/quote/F34.SG.md) ## 相关资讯与研究 - [Wilmar and its chairman Kuok Khoon Hong pledge $3 million to ST School Pocket Money Fund](https://longbridge.com/zh-CN/news/281164759.md) - [A Look At Wilmar International (SGX:F34) Valuation After Full Year 2025 Earnings Growth](https://longbridge.com/zh-CN/news/277507263.md) - [Phixius by Nacha Adds Advanced Fraud Solutions as Fourth Data Responder](https://longbridge.com/zh-CN/news/281037085.md) - [Why is Carvana's stock split announcement being treated as bearish?](https://longbridge.com/zh-CN/news/281060328.md) - [03:00 ETCovéa chooses Shift Technology as strategic partner for fraud and risk management](https://longbridge.com/zh-CN/news/281138582.md)