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Tuesday, 29 June 2021

Olam XR

AGRIFOOD giant Olam International on Tuesday posted a 13.1 per cent drop in profit after tax and minority interests (PATMI) to S$155.6 million for the first quarter ended March 31, from S$179.1 million the year before.

The group also announced a three-for-20 rights issue which has been priced at S$1.25 per share. Olam expects to raise S$601.7 million in gross proceeds, which will be utilised to repay the debt used to fund its US$950 million acquisition of Olde Thompson last month.

Read? Olam

Upsize Olam Round 12 by 16% and its holding price down by 2%

Next one tio upsize will be SML dividends in specie from SCI!

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