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Sovereign Wealth Funds Briefing - Categorized | Financials

Shareholders of Singapore’s Olam approve fee payment to Temasek

Posted on 16 January 2013

Shareholders of Olam International Ltd approved the payment of US$6.4 million (RM) in fees to a unit of Singapore state investor Temasek Holdings Pte Ltd for fully backing the embattled commodity firm’s US$1.2 billion bonds-with-warrants issue.
The sub-underwriting fee, which had been expected to receive approval, is being paid to Temasek, also Olam’s second-biggest shareholder, as the Singapore commodities firm taps the debt market for funds to bolster its financial position………………………………………..Full Article: Source


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