SHARES of Don Agro International surged in early trading on Monday (Apr 29) after the group announced that its wholly owned JSC Tetra is selling all stakes in four subsidiaries based in Russia for a total of 4.5 billion roubles (S$66.4 million).

As at 9.21 am, the counter rose 55.2 per cent, or S$0.08, to S$0.225, with 15,000 shares changing hands. The last time it traded above S$0.20 can be traced back to October 2023.

The Catalist-listed agri-player in the Commonwealth of Independent States said before market opened on Monday that its unit Tetra had entered into preliminary sales and purchase agreements last Friday with two companies separately.