SINGAPORE, Dec 20 — Olam International Ltd said Singapore state investor Temasek Holdings Pte Ltd bought 23.9 million shares in the commodity trader over the last two days, raising its stake to 18 per cent from 17 per cent.
Earlier this month, Olam got the full backing from Temasek, its second-biggest shareholder, for a complex US$1.2 billion (RM3.6 billion) bonds-with-warrants issue to battle short-seller Muddy Waters, which had launched a scathing attack on Olam’s accounting, debt and investment projects. Full story
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