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Stocks to watch: Olam

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. 

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