Oceanus sees active trading after Yaacob Ibrahim joins board

Singapore

HEAVY volumes of watch-listed Oceanus Group shares changed hands on Wednesday morning after the abalone producer announced late on Tuesday that it had appointed former minister Yaacob Ibrahim as an independent director.

The counter was the most actively traded by volume on the Singapore bourse on Wednesday, with 154.8 million shares changing hands, surpassing the second-most heavily traded counter, electrical products trader and distributor Sunrise Shares Holdings, by more than 80 million shares.