Stock to watch: Olam Group

The following company saw new developments that may affect trading of their securities on Wednesday (Aug 24):

Olam Group : VC2 0%: Its food, feed and fibre operating business Olam Agri has secured a US$2.9 billion facility from a group of 16 lenders, announced the group on Wednesday. The loan is based on Poseidon Principles, a framework for integrating climate considerations into lending decisions to promote international shipping’s decarbonisation. Shares of Olam ended Tuesday S$0.01 or 0.7 per cent lower at S$1.48.