The Business Times
business-time-50

Stocks to watch: Olam

google-preferred-sourceAdd BT as a preferred source

Navene Elangovan

Published Tue, Sep 12, 2023 · 08:05 AM
    • Olam Group denies allegations about its Nigerian unit being involved in fraud.
    • Olam Group denies allegations about its Nigerian unit being involved in fraud. PHOTO: BT FILE

    THE following company saw new developments that may affect trading of its securities on Tuesday (Sep 12):

    Olam Group : The group, on Monday, denied allegations made in recent media reports about its Nigerian unit and its subsidiaries being involved in a multibillion-dollar fraud. However, its board has directed the audit committee to conduct a review of the matter. Shares of the group fell by S$0.11, or 8.6 per cent, to close at S$1.17 after the announcement. 

    Stocks to watchSingapore Stocks

    TRENDING NOW

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Practices that once helped small businesses in Vietnam stay flexible and competitive in a low-margin economy are increasingly becoming formal business risks.

    Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More