Incorporation Of Subsidiary
Olam International Limited (the “Company”) wishes to announce that the Company has incorporated a wholly-owned subsidiary in the Republic of the Congo known as Olam ROC S.A.R.L. (“Olam ROC”), with a registered and paid-up capital of 10,000,000 CFA Francs divided into 1,000 shares of 10,000 CFA Francs each (approximately S$30,700).
The principal activities of Olam ROC are those of sourcing and processing of agricultural products and food ingredients.
The incorporation of Olam ROC is not expected to have any significant impact on the financial position of the Company 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.