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Daily Debrief: What Happened Today
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THE divestment is part of the reorganisation of joint-venture company Gabon Special Economic Zone (GSEZ), which mixes the interests of Olam with the Gabonese Republic and the African Finance Corporation.
AN earlier plan to raise S$550,000 through a share placement has also been scrapped, since Transcorp was unable to obtain a loan from the placees and a substantial shareholder to fund the required extraordinary general meeting (EGM) and professional service fees to make the placement happen.
MAINBOARD-LISTED Hock Lian Seng's deputy chief executive officer, David Chew Tuan Dong, will resign to pursue other opportunities with effect from Dec 31, the civil engineering group said on Tuesday.
IT was up S$0.008 or 6.1 per cent to S$0.14 with about 14.5 million shares traded as at 10.31am, and one of the most heavily traded stocks by volume.
The STI today
THE Straits Times Index (STI) managed to produce a decent showing, adding 7.67 points or 0.24 per cent to close Tuesday at 3,221.67.