Stocks to watch: Olam, Isetan, Delong, China Kangda, Star Pharmaceutical

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THE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.

Olam International:

secured a US$525 million revolving credit facility linked to meeting sustainability key performance indicators . The facility consists of three tranches: a one-year revolving credit facility of US$315 million, a two-year RCF of US$105 million and a three-year RCF of US$105 million. Proceeds from the facility will be applied towards the refinancing of existing loans of Olam and its subsidiaries. Olam shares closed higher at S$1.84 on Tuesday, up two Singapore cents or 1.1 per cent.

 

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