Temasek raises stake in Olam
Posted: 19 December 2012 1250 hrs
SINGAPORE: Temasek Holdings has raised its stake in commodity trader Olam International to 17 percent from 16.3 percent.
In a filing with the Singapore Exchange, Olam said Temasek had bought 200,000 shares for S$293,000 from the open market on Tuesday through its investment vehicle Aranda Investments.
In an emailed comment to Channel NewsAsia, a Temasek spokesperson said: "We have invested in Olam over several years. In our judgement, the company represents a reasonably attractive investment over the long term and we are pleased to have the opportunity to add to our stake."
Earlier this month, Olam said Temasek is backing its rights issue of bonds and warrants to raise as much as US$1.2 billion.
This could potentially translate to the investment firm owning as much as 29 percent of Olam if it exercises all the warrants in 2016 at the earliest.
Kewalram Chanrai Group, Olam's largest investor with nearly a 20 percent stake, has also said it will back the issue.
Olam has been the target of short-seller Carson Block and his research firm Muddy Waters, which questioned the company's allegedly flawed accounting standards that they claimed masked its debts.
- CNA/al
- wong chee tat :)
Showing posts with label Singapore Exchange. Show all posts
Showing posts with label Singapore Exchange. Show all posts
Wednesday, December 19, 2012
Sunday, June 26, 2011
SGX introducing new templates for new product disclosures
SGX introducing new templates for new product disclosures
By Millet Enriquez | Posted: 20 June 2011 2251 hrs
SINGAPORE : The Singapore Exchange (SGX) is introducing a new set of templates for new product disclosures to enhance the readability of term sheets for warrants, debentures and funds.
SGX said a consistent presentation of product features and risks will help investors have a clear and efficient comparison of competing products in the market.
As such, it is requiring issuers to use the guidelines and term sheet formats beginning August 1 this year.
The disclosure templates will apply to the term sheets for debt issues of asset-backed securities, exchange traded notes and structured notes.
It will also cover funds including collective investment schemes and exchange traded funds and structured warrants.
With the practice notes, SGX said that products that do not come with registered prospectus under the Monetary Authority of Singapore can now have their features and risks disclosed in standardised formats
SGX said the new guidelines are in line with the central bank's initiatives to improve disclosure through the use of product highlight sheets.
The practice notes are made available through the SGX website under the SGX Rulebooks - Rule Amendments.
- CNA/ms
- wong chee tat :)
By Millet Enriquez | Posted: 20 June 2011 2251 hrs
SINGAPORE : The Singapore Exchange (SGX) is introducing a new set of templates for new product disclosures to enhance the readability of term sheets for warrants, debentures and funds.
SGX said a consistent presentation of product features and risks will help investors have a clear and efficient comparison of competing products in the market.
As such, it is requiring issuers to use the guidelines and term sheet formats beginning August 1 this year.
The disclosure templates will apply to the term sheets for debt issues of asset-backed securities, exchange traded notes and structured notes.
It will also cover funds including collective investment schemes and exchange traded funds and structured warrants.
With the practice notes, SGX said that products that do not come with registered prospectus under the Monetary Authority of Singapore can now have their features and risks disclosed in standardised formats
SGX said the new guidelines are in line with the central bank's initiatives to improve disclosure through the use of product highlight sheets.
The practice notes are made available through the SGX website under the SGX Rulebooks - Rule Amendments.
- CNA/ms
- wong chee tat :)
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