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Home / News / Equity Raising

Olam reports 13.1% lower earnings for 1Q21, announces $601.7 million rights issue

Equity raising

Olam reports 13.1% lower earnings for 1Q21, announces $601.7 million rights issue

Atiqah Mokhtar Published on Tue, Jun 22, 2021 / 9:14 AM GMT+8

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Olam International has announced a fully underwritten three-for-20 rights issue at an issue price of $1.25 per share, which is expected to raise gross proceeds of $601.7 million.

The company also announced its 1QFY2021 ended March business update, in which it reported a 13.1% y-o-y decline in earnings to $155.6 million.

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