Aug. 28, 2015, 7:47 AM
- Mitsubishi (OTCPK:MSBHY) is buying a 20% stake in Olam International (OTCPK:OLMIY), valuing the agri-trader at about $5.5B.
- Olam said it will issue 332.7M new shares to Mitsubishi at S$2.75 per share, amounting to about 12% of its total capital.
- The Japanese company will also buy about 222M secondary shares from the founding Chanrai family, representing about 8% of Olam.
Aug. 27, 2015, 1:36 PM
Aug. 7, 2015, 8:04 AM
Jan. 21, 2015, 6:58 AM
May 9, 2013, 7:48 AMThai stocks (THD) continue to make new 19-year highs as the SET rises 0.4% to 1,621. In other regional action, Malaysian (EWM) equities lagged (-0.5%) for the second day in a row as the post-election euphoria wears off and stocks in Singapore (EWS) jump 0.6% on agribusiness earnings optimism (Olam OLMIF.PK +2.6%, Wilmar WLMIY.PK +1.2%). | May 9, 2013, 7:48 AM
Olam International is a leading global integrated supply chain manager and processor of agricultural products and food ingredients, supplying various products across 16 platforms in 65 countries.
Industry: Investment Brokerage - National
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