The poor performance of commodity traders on Singapore Exchange (SGX) has baffled investors. Corn and wheat are at the highest levels since 2012. The Bloomberg Commodity Index is up 24% year-to-date. Western commodity traders such as Glencore, Bunge and Archer-Daniels-Midland are soaring.But, Olam G...

Since last year, the Singapore-dollar corporate credit market has seen several large and complex corporate reorganisations happening including at Olam International, Keppel Corporation, CapitaLand Group, Singapore Press Holdings and ARA Asset Management.Such reorganisations are not new and they foll...

Temasek announced today the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally. The state investment company also committed an initial amount of $5 billion into the subsidiary.GenZero will invest globally across three focus areas: technol...

FOR the 5 trading sessions that spanned May 27 to Jun 2, the Straits Times Index (STI) gained 0.6 per cent, with the FTSE China A50 Index adding 3.6 per cent, the Hang Seng Index rising 4.6 per cent and the FTSE Bursa Malaysia KLCI up 0.5 per cent. 

Sunny George Verghese, co-founder and group CEO of Olam Group, has increased his stake in the agri-commodities player. On May 27, Verghese acquired 500,000 shares at about $1.47 each. On May 31, he acquired another 500,000 shares at $1.53 each. The acquisitions bring his direct stake in the company ...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

SGListCos, an association for companies listed on both the mainboard and Catalist of the Singapore Exchange, has been formed. As described in its LinkedIn post, SGListCos describes itself as a body “set up by listcos for listcos”. The association’s pro-tem chairman is Chew Sutat, w...

OLAM Group on Tuesday (Apr 26) said that Olam Food Ingredients (OFI), its wholly-owned food ingredients unit, will acquire Canada’s Club Coffee at an enterprise value of C$150 million (S$161.8 million).

THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 26):

Olam Food Ingredients (ofi), a wholly-owned subsidiary of Olam Group, has entered into an agreement to acquire Club Coffee L.P. for CA$150 million ($161.7 million) to its ‘At Home’ segment.Club Coffee, which has been operating since 1906, is one of Canada’s largest coffee roasters and packagin...