Fu Yu shows how articulating its plans well can revive investors’ interest
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FU YU Corporation’s business update at the end of November, accompanied by a media briefing on the same day, was a positive surprise for the market.
Under new chief executive David Seow, Fu Yu is implementing fresh initiatives to revitalise the company. Shareholders sent the stock up 3.3 per cent that same day.
It closed on Wednesday (Dec 13) at S$0.134, up 8.9 per cent since the announcement, giving the company a market capitalisation of S$101.4 million.
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