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Did a detailed read up on the USD 3.5B dollar number quoted for the 2022 partial stake disposal. This USD 3.5B dollar number is for the Full Equity Stake for the subject biz unit (i.e. already less off all Debts / Liabilities at the biz unit level). Now Saudi chaps wanna buy all the remaining stake, number quoted this time round is USD 4B. [At least Olam quite clear in their 2022 Press Release, unlike Wee Hur confusing, misleading Press Release]. Just sharing only. (Out now, will dissect the numbers further.)
Market already digested the news yesterday. Even Olam Agri sales complete within Q1 2025. It is up to The Management to consider returning capital to their shareholders. They can keep all the cash just like the 1st stake sold to Salic OR choice to give peanuts to their shareholders. Group CEO continue getting big fat remuneration (> S$8m).
Can u-turn and chiong up up
Reported by The Wall Street Journal this afternoon, on closing of the potential deal by end of this month or early Feb.
(2 months back was reported by Bloomberg on the initiation of discussion.)
Info. only.
(2 months back was reported by Bloomberg on the initiation of discussion.)
Info. only.
superstartup ( Date: 21-Jan-2025 16:55) Posted:
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Olam Set to Announce Sale of Agribusiness Unit to Saudi Arabia Firm, Sources Say
Negotiations are in advanced stages, and a potential deal could be announced by the end of this month or early February
superstartup ( Date: 21-Jan-2025 16:30) Posted:
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Looks like a definitive sale coming
now want to scared ppl by going down abit!
lai la
BB keep collecting at 1.22 waiting to chiong up
to the moon!
buckle up!
lets break new high la
hello everyone
everyday 1.22 testing
1.38 today!
trying to break today
hohohoho
lets go
swee la
huat huat huat later