SINGAPORE: Singapore-listed Olam International said its second-largest shareholder Temasek Holdings has further increased its stake to 19 per cent, from 18 per cent.
This is the third time in a month that the Singapore investment firm had boosted its shareholdings in the commodities group, which has been the target of short-seller Carson Block and his research firm Muddy Waters.
In a filing to the Singapore Exchange on Friday, Olam said Temasek had increased its holdings via two units in open-market purchases.
Earlier this month, Olam said Temasek is backing its rights issue of bonds and warrants to raise as much as US$1.2 billion.
Kewalram Chanrai Group, Olam's largest investor with nearly a 20 per cent stake, has also said it will back the issue.
- CNA/xq
Temasek raises stake in Olam to 19%
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Temasek raises stake in Olam to 19%
