According to sources, the money will be used to set up a charity.
The Kewalram Chandrai Group, which established Singapore-listed Olam in 1989, offered 100 million shares at a discount of 2% to 6% to ThursdayÆs close of S$3.06, which translated to an actual price range of S$2.88 to S$3 per share. The early indication after the order book closed at about 10pm Hong Kong time was that the deal would price around the mid-point...
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