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

    Norris Road in Little India. An operator of unlicensed money remittance services for migrant workers was sentenced to jail recently.

    A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    For H1 2026, Seatrium’s net profit jumped 158.3% year on year to S$372.9 million.

    Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    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