Increase In Investment In Subsidiary
SGX Filings
5th Jan, 2007
Olam International Limited (the “Company”) wishes to announce that the Company has increased its investment in its wholly-owned subsidiary, Outspan Ivoire S.A., Cote d’Ivoire from XOF2,500,000,000 to XOF3,000,000,000 through subscription of 50,000 shares of XOF10,000 each at XOF10,000 per share 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.
