SINGAPORE, Feb 27 (Reuters) - Wilmar International <WLIL.SI>, the world's largest listed palm oil firm, is keen on acquiring assets and has about $1 billion available for mergers and acquisitions, its chief executive officer said on Friday.
Wilmar had about $2.5 billion in cash at the end of December and about $1 billion could be used for buying plantations, ships or food companies, CEO Kuok Khoon Hong told Reuters on the sidelines of the firm's results briefing.
"Dry bulk ships are very cheap now," he said.
Wilmar posted a higher-than-expected 60 percent rise in fourth-quarter net profit earlier on Friday and said it was "cautiously optimistic" about prospects.
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