Business briefing

Olam divests Dirranbandi gin

OLAM International has sold its Dirranbandi cotton gin in Queensland to Cubbie Ginnery for A$20 million (S$23.5 million). It said the sale was in line with its strategy to unlock value and redeploy capital in higher-growth areas. It will be announcing its first-quarter results on Nov 14.

Lindeteves-Jacoberg exits SGX watch-list