Incorporation Of Nauvu Investments Pte. Ltd.
Olam International Limited (the “Company” or “Olam”) refers to the announcement dated 15 November 2007 made by the Company in connection with the formation of a 50:50 joint venture named “Nauvu Investments” with Wilmar International Limited (“Wilmar”).
The Company wishes to announce that today, the joint venture “Nauvu Investments Pte. Ltd.” (“Nauvu”) has been incorporated in Singapore with an issued and paid-up capital of S$2 comprising 2 Ordinary shares and principal activity of investment holding. Each Wilmar and Olam holds 1 Ordinary share in the capital of Nauvu.
The incorporation of Nauvu 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.
