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Olam Group Last:1.25

-0.02

Olaim Group Financial Results

Yea, they should have halt trading to announce this. So then no chance for shortist to short!

tonytony ( Date: 30-May-2023 15:03) Posted:

Why keeping delaying ? Why give short sellers chance to short ? Mgm is incompetent at all .

i can only say Spore market hv many shortist and weak holder who profit on news.
So once a delay in double listing are out .....u can expect shortist will attack a counter . BUT BUT
hope they are not caught ( dont forget this is a Temasek counter. ) So if any BB come out and start accumulating ....haha see who
have the last laugh.
DYODD

beng1102 ( Date: 30-May-2023 14:13) Posted:

Why share price go down? Why it this a bad news?

FATABA ( Date: 30-May-2023 13:38) Posted:

Yes as shown ....Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained

Is there any important announcement today? Olam is being hammered down today?

Why share price go down? Why it this a bad news?

FATABA ( Date: 30-May-2023 13:38) Posted:

Yes as shown ....Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained

CheeryVGoh ( Date: 30-May-2023 13:31) Posted:

Read somewhere that this is a first of this kind of IPO in world.

The Saudi SALIC group is a major shareholder, please act fast on your home turf.....we depend on you...

Kandee ( Date: 30-May-2023 13:39) Posted:

First dual listing between SGX and Saudi Arabia Exchange.

CheeryVGoh ( Date: 30-May-2023 13:31) Posted:

Read somewhere that this is a first of this kind of IPO in world.

First dual listing between SGX and Saudi Arabia Exchange.

CheeryVGoh ( Date: 30-May-2023 13:31) Posted:

Read somewhere that this is a first of this kind of IPO in world.

FATABA ( Date: 30-May-2023 13:23) Posted:

No NOT a cancellation ....as note ...
" underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals "
It is again a matter of time ....guess as the first Saudi listing is not straight forwar

Yes as shown ....Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained

CheeryVGoh ( Date: 30-May-2023 13:31) Posted:

Read somewhere that this is a first of this kind of IPO in world.

FATABA ( Date: 30-May-2023 13:23) Posted:

No NOT a cancellation ....as note ...
" underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals "
It is again a matter of time ....guess as the first Saudi listing is not straight forwar

Read somewhere that this is a first of this kind of IPO in world.

FATABA ( Date: 30-May-2023 13:23) Posted:

No NOT a cancellation ....as note ...
" underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals "
It is again a matter of time ....guess as the first Saudi listing is not straight forward

FATABA ( Date: 30-May-2023 13:12) Posted:

So it is delayed not cancel . Officially on SGX site

UPDATE ON PROPOSED OLAM AGRI IPO AND DEMERGER Unless otherwise defined herein, words and expressions used in this announcement bear the meanings as ascribed to them in the Circular to Shareholders dated 6 March 2023 (the " Circular" ) of Olam Group Limited (the " Company" or &ldquo Olam Group&rdquo ), save that OAHPL (or &ldquo Olam Agri&rdquo ) shall refer to " Olam Agri Holdings Limited" instead of " Olam Agri Holdings Pte. Ltd." . The Board wishes to provide an update on the proposed Olam Agri IPO and Demerger. Olam Group Limited continues to seek a concurrent dual listing of Olam Agri in Singapore (SGX) and in the Kingdom of Saudi Arabia (The Saudi Exchange). Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained. The Company therefore does not expect that the Olam Agri IPO can now be completed by H1 2023, ahead of the impending summer holiday period, as originally planned. The Company continues to observe the growing importance of key global agri-business trends relating to food security concerns and the growing interest from institutional investors in this theme. These industry trends and Olam Agri&rsquo s position as a differentiated and market leading global food, feed and fibre agri-business underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals and based on prevailing market conditions. The Company will provide shareholders with key updates as and when there are material developments in this regard. The Company would like to emphasise that the Proposed Transactions and the Olam Agri IPO are dependent on, inter alia, the receipt of relevant approvals by Olam Agri for the Olam Agri IPO and listing from the SGX-ST, The Saudi Exchange and the Capital Markets Authority of the Kingdom of Saudi Arabia, Olam Agri' s compliance with any conditions stipulated Page 2 of 4 thereunder, and prevailing market conditions. Furthermore, the Directors may, notwithstanding that all requisite Shareholders' approvals and regulatory approvals have been obtained, decide not to proceed with any of the Proposed Transactions and the Olam Agri IPO if, having regard to Shareholders' and investors' interests and responses at any material time and taking into consideration prevailing economic and/or market conditions and/or any other relevant factors, conditions and circumstances, the Directors consider it not in the interests of the Company to proceed with the same. Accordingly, there is no assurance that the Proposed Transactions and the Olam Agri IPO, or any of them, will materialise in due course or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Shares and to seek appropriate professional advice when dealing in the Shares as appropriate, and refrain from taking any action in respect of their Shares which may be prejudicial to their interests. BY ORDER OF THE BOARD

No NOT a cancellation ....as note ...
" underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals "
It is again a matter of time ....guess as the first Saudi listing is not straight forward

FATABA ( Date: 30-May-2023 13:12) Posted:

So it is delayed not cancel . Officially on SGX site

UPDATE ON PROPOSED OLAM AGRI IPO AND DEMERGER Unless otherwise defined herein, words and expressions used in this announcement bear the meanings as ascribed to them in the Circular to Shareholders dated 6 March 2023 (the " Circular" ) of Olam Group Limited (the " Company" or &ldquo Olam Group&rdquo ), save that OAHPL (or &ldquo Olam Agri&rdquo ) shall refer to " Olam Agri Holdings Limited" instead of " Olam Agri Holdings Pte. Ltd." . The Board wishes to provide an update on the proposed Olam Agri IPO and Demerger. Olam Group Limited continues to seek a concurrent dual listing of Olam Agri in Singapore (SGX) and in the Kingdom of Saudi Arabia (The Saudi Exchange). Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained. The Company therefore does not expect that the Olam Agri IPO can now be completed by H1 2023, ahead of the impending summer holiday period, as originally planned. The Company continues to observe the growing importance of key global agri-business trends relating to food security concerns and the growing interest from institutional investors in this theme. These industry trends and Olam Agri&rsquo s position as a differentiated and market leading global food, feed and fibre agri-business underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals and based on prevailing market conditions. The Company will provide shareholders with key updates as and when there are material developments in this regard. The Company would like to emphasise that the Proposed Transactions and the Olam Agri IPO are dependent on, inter alia, the receipt of relevant approvals by Olam Agri for the Olam Agri IPO and listing from the SGX-ST, The Saudi Exchange and the Capital Markets Authority of the Kingdom of Saudi Arabia, Olam Agri' s compliance with any conditions stipulated Page 2 of 4 thereunder, and prevailing market conditions. Furthermore, the Directors may, notwithstanding that all requisite Shareholders' approvals and regulatory approvals have been obtained, decide not to proceed with any of the Proposed Transactions and the Olam Agri IPO if, having regard to Shareholders' and investors' interests and responses at any material time and taking into consideration prevailing economic and/or market conditions and/or any other relevant factors, conditions and circumstances, the Directors consider it not in the interests of the Company to proceed with the same. Accordingly, there is no assurance that the Proposed Transactions and the Olam Agri IPO, or any of them, will materialise in due course or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Shares and to seek appropriate professional advice when dealing in the Shares as appropriate, and refrain from taking any action in respect of their Shares which may be prejudicial to their interests. BY ORDER OF THE BOARD

Depending on how the announcement is interpreted on one end is delayed due to SUMMER holidays, on the other end is cancelled due to market conditions. Well, let's hope it continues with good results and 4+ cents dividends regularly.

FATABA ( Date: 30-May-2023 13:12) Posted:

So it is delayed not cancel . Officially on SGX site

UPDATE ON PROPOSED OLAM AGRI IPO AND DEMERGER Unless otherwise defined herein, words and expressions used in this announcement bear the meanings as ascribed to them in the Circular to Shareholders dated 6 March 2023 (the " Circular" ) of Olam Group Limited (the " Company" or &ldquo Olam Group&rdquo ), save that OAHPL (or &ldquo Olam Agri&rdquo ) shall refer to " Olam Agri Holdings Limited" instead of " Olam Agri Holdings Pte. Ltd." . The Board wishes to provide an update on the proposed Olam Agri IPO and Demerger. Olam Group Limited continues to seek a concurrent dual listing of Olam Agri in Singapore (SGX) and in the Kingdom of Saudi Arabia (The Saudi Exchange). Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained. The Company therefore does not expect that the Olam Agri IPO can now be completed by H1 2023, ahead of the impending summer holiday period, as originally planned. The Company continues to observe the growing importance of key global agri-business trends relating to food security concerns and the growing interest from institutional investors in this theme. These industry trends and Olam Agri&rsquo s position as a differentiated and market leading global food, feed and fibre agri-business underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals and based on prevailing market conditions. The Company will provide shareholders with key updates as and when there are material developments in this regard. The Company would like to emphasise that the Proposed Transactions and the Olam Agri IPO are dependent on, inter alia, the receipt of relevant approvals by Olam Agri for the Olam Agri IPO and listing from the SGX-ST, The Saudi Exchange and the Capital Markets Authority of the Kingdom of Saudi Arabia, Olam Agri' s compliance with any conditions stipulated Page 2 of 4 thereunder, and prevailing market conditions. Furthermore, the Directors may, notwithstanding that all requisite Shareholders' approvals and regulatory approvals have been obtained, decide not to proceed with any of the Proposed Transactions and the Olam Agri IPO if, having regard to Shareholders' and investors' interests and responses at any material time and taking into consideration prevailing economic and/or market conditions and/or any other relevant factors, conditions and circumstances, the Directors consider it not in the interests of the Company to proceed with the same. Accordingly, there is no assurance that the Proposed Transactions and the Olam Agri IPO, or any of them, will materialise in due course or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Shares and to seek appropriate professional advice when dealing in the Shares as appropriate, and refrain from taking any action in respect of their Shares which may be prejudicial to their interests. BY ORDER OF THE BOARD

Keeping fingers crossed, bgt at 1.39 a while ago.

Kandee ( Date: 30-May-2023 13:09) Posted:

Thanks. Just saw it on BT as well.

CheeryVGoh ( Date: 30-May-2023 13:03) Posted:

https://links.sgx.com/1.0.0/corporate-announcements/035NN7VF7PRS1CVR/ecb723c2b088a521b178b02169b1dc1bdb14b03de74ed482ed3150bce1fc123

So it is delayed not cancel . Officially on SGX site

UPDATE ON PROPOSED OLAM AGRI IPO AND DEMERGER Unless otherwise defined herein, words and expressions used in this announcement bear the meanings as ascribed to them in the Circular to Shareholders dated 6 March 2023 (the " Circular" ) of Olam Group Limited (the " Company" or &ldquo Olam Group&rdquo ), save that OAHPL (or &ldquo Olam Agri&rdquo ) shall refer to " Olam Agri Holdings Limited" instead of " Olam Agri Holdings Pte. Ltd." . The Board wishes to provide an update on the proposed Olam Agri IPO and Demerger. Olam Group Limited continues to seek a concurrent dual listing of Olam Agri in Singapore (SGX) and in the Kingdom of Saudi Arabia (The Saudi Exchange). Given the distinct nature of the transaction, as Olam Agri will be the first foreign company not incorporated in a Gulf Cooperation Council country to be listed in the Kingdom of Saudi Arabia, the first dual listing on both the SGX and The Saudi Exchange and the first potential offering of Saudi Depositary Receipts, all the necessary regulatory approvals required to launch this transaction are yet to be obtained. The Company therefore does not expect that the Olam Agri IPO can now be completed by H1 2023, ahead of the impending summer holiday period, as originally planned. The Company continues to observe the growing importance of key global agri-business trends relating to food security concerns and the growing interest from institutional investors in this theme. These industry trends and Olam Agri&rsquo s position as a differentiated and market leading global food, feed and fibre agri-business underpin our confidence in continuing to pursue the Olam Agri IPO at the next practical window, subject to receiving all the necessary approvals and based on prevailing market conditions. The Company will provide shareholders with key updates as and when there are material developments in this regard. The Company would like to emphasise that the Proposed Transactions and the Olam Agri IPO are dependent on, inter alia, the receipt of relevant approvals by Olam Agri for the Olam Agri IPO and listing from the SGX-ST, The Saudi Exchange and the Capital Markets Authority of the Kingdom of Saudi Arabia, Olam Agri' s compliance with any conditions stipulated Page 2 of 4 thereunder, and prevailing market conditions. Furthermore, the Directors may, notwithstanding that all requisite Shareholders' approvals and regulatory approvals have been obtained, decide not to proceed with any of the Proposed Transactions and the Olam Agri IPO if, having regard to Shareholders' and investors' interests and responses at any material time and taking into consideration prevailing economic and/or market conditions and/or any other relevant factors, conditions and circumstances, the Directors consider it not in the interests of the Company to proceed with the same. Accordingly, there is no assurance that the Proposed Transactions and the Olam Agri IPO, or any of them, will materialise in due course or at all. Shareholders and potential investors are advised to exercise caution when dealing in the Shares and to seek appropriate professional advice when dealing in the Shares as appropriate, and refrain from taking any action in respect of their Shares which may be prejudicial to their interests. BY ORDER OF THE BOARD

The announcement has been made.

Might be good to accumulate for the long term if prices drop further.

FATABA ( Date: 30-May-2023 13:00) Posted:

Any news ...after lunch it dropped more ?