7 stories mentioning SGX:VC2
Every FINWIRES story that references SGX:VC2, newest first.
Singapore Exchange (SGX:S68) included First Resources (SGX:EB5) and Olam Group (SGX:VC2) in its STI Reserve List, while NetLink NBN Trust (SGX:CJLU) and SIA Engineering (SGX:S59) exited the list, according to a Thursday bourse filing.The new changes will take effect from June 22, with the next review scheduled to take place in September, the filing added.
Olam Group (SGX:VC2) completed the sale of its 100% stake in digital services business Mindsprint to Indian IT firm Wipro (NSE:WIPRO, BOM:507685) for $386 million, according to a Friday filing with the Singapore Exchange.Shares of the agribusiness company were down over 3% in Singapore, while shares of Wipro rose nearly 1% in India on Monday.The sale is part of the company's reorganization plan, which includes the divestment of assets and businesses over time.
Olam's (SGX:VC2) group chief executive officer, Sunny George Verghese, resigned from the post, effective Monday, according to a same-day filing with the Singapore Exchange.Verghese is stepping down to become the CEO of the company's subsidiary, Olam Agri, the filing said.
Olam's (SGX:VC2) subsidiary, Olam Holdings, completed the tranche 1 sale of a 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (SALIC) for $1.88 billion, according to a Monday filing with the Singapore Exchange.The company has a put option to sell its remaining 19.99% stake in Olam Agri three years from the completion of tranche 1 for around $799.6 million, plus additional considerations. SALIC has a matching call option.Following the completion of the second tranche, Olam Agri will become a 100% owned subsidiary of the SALIC.
Singapore shares declined on Thursday despite broader regional gains, as optimism grew over the prospects of a U.S.-Iran peace deal.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,004.41 and 5,039.11 throughout the day. It ended the session at 5,007.83, down 13.4 points or 0.3% compared with Wednesday's close.On the corporate front, shares of Olam (SGX:VC2) surged nearly 8% at the close as it secured the remaining regulatory approval needed for the proposed sale of its 44.58% stake in Olam Agri Holdings to Saudi Agricultural & Livestock Investment.Beng Kuang Marine (SGX:BEZ) closed over 3% higher as it secured SG$55.9 million worth of contracts during the first half of the year.Meanwhile, Keppel DC REIT's (SGX:AJBU) shares were up over 1% at the close as its distribution per unit jumped 13% during the first quarter of 2026 to SG$0.02833 from SG$0.02503 a year earlier.
Olam (SGX:VC2) said it secured the remaining regulatory approval needed for the proposed sale of its 44.58% stake in Olam Agri Holdings to Saudi Agricultural & Livestock Investment, according to a Thursday filing with the Singapore Exchange.The company expects the transaction to be completed in due course.Shares of the agri-food business were up nearly 7% in Thursday trading.