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Sovereign Wealth Funds Briefing - Categorized | Financials

Olam’s price hit by dilution of share capital

Posted on 08 June 2011

Agricultural commodities processor Olam International is raising proceeds of about S$740 million through private placements and a preferential allotment of shares to existing shareholders including investment company Temasek Holdings in three tranches.
News of the fund-raising plans somewhat confirmed investor concerns of a dilution in the firm’s share capital and caused Olam’s share price to tumble as much as 6 per cent to close at S$2.73 when trading resumed yesterday. Temasek currently owns a 13 per cent stake in Olam………………………………………..Full Article: Source


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