Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake yesterday in Olam International Ltd. (OLAM) after earlier this month saying it would back the commodity trader’s bond offering.
Temasek boosted its holdings from 16.3 percent to 17 percent, it said today in a statement on its website. Aranda Investments Pte, controlled by Temasek, bought 200,000 shares for S$293,000 ($240,361) yesterday, according to an Olam filing.
“We are pleased to have the opportunity to add to our stake,” Temasek said today in the statement. Olam “represents a reasonably attractive investment over the long term,” it said. Full story
Related:
- Singapore's Temasek Bails Out Another Loser - Asia Sentinel
- Singapore Establishment Challenged by Carson Block on Olam - Bloomberg
- Temasek Boosts Stake in Olam to 17% After Backing Bond Sale - Bloomberg
- Temasek Continues To Throw its Might Behind Olam - WSJ Blog
- Temasek ups stake in Olam to 17% - The Malaysian Insider
