Increase In Investment In Subsidiary
SGX Filings 7th Aug, 2006
Olam International Limited (the “Company”) wishes to announce that the Company has increased its investment in its wholly-owned subsidiary, Olam Brasil Ltda, Brazil from R$1,009,000 to R$3,077,000 through subscription of shares at R$1 each at par fully paid.
The above transaction was funded by internal resources and is not expected to have any significant impact on the financial position of Olam group for the current financial year.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction.