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Shares of Natural Cool gain heat amid drama

Stock soars up to 6% in price after 37m shares changed hands, exceeding three-month average of 13.4m shares
Wednesday, February 22, 2017 - 05:50

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Natural Cool's unfolding drama recently saw the ouster of all but one director on the board. It started in late October when its single-largest shareholder Lim Teck Chuan first sought to remove then chairman Joseph Ang from his position.

Singapore

ALMOST two weeks after the ouster of all but one director on the board of Natural Cool Holdings, its shares have gained heat, muscling their way to the active list on Tuesday, amid an unfolding drama over the proposed divestment of a stake in oil exploration firm HMK Energy.

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