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The selling was heavy before market closed . Not a good sign ?
Thanks , hope nothing negative developed.
yuhanooi ( Date: 26-May-2023 10:00) Posted:
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Me thinks it's due to uncertain market conditions, especially the US debt deal still unresolved. Need get good valuations on the IPO, probably not yet....be patient...dyodd.
tonytony ( Date: 25-May-2023 22:27) Posted:
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Why share price so weak recently ? Any bad reason ?
First such dual listing in the world? Waiting for regulatory approval, think they sould have gotten initial green light already.
yuhanooi ( Date: 23-May-2023 14:59) Posted:
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The plan is Agri unit to dual list in SGX-Saudi by June, followed by the Food Ingredient unit in SGX-LSE later. We shall see, its not a long wait for now.
FATABA ( Date: 18-May-2023 15:03) Posted:
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My understanding was to list in both SGX n LSE
tonytony ( Date: 18-May-2023 13:28) Posted:
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Going to list on LSE also ?
FATABA ( Date: 18-May-2023 10:59) Posted:
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Saudi dual listing first, by June...please don't postpone
Still waiting for LSE listing ...which UK is in a coma economy situation . Pound is like dead ...since their BriEXIT ....is really killing their own people
Have to be patient and wait
Have to be patient and wait
tonytony ( Date: 18-May-2023 10:45) Posted:
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Why share price has been stagnant for so long ?
Entered some today.Dual IPO.Hope can fly.Cheers.
Olam Agri' s Singapore-Saudi US$1 billion dual listing may launch as early as June: sources
AGRI-FOOD giant Olam Group aims to launch in June the dual initial public offering (IPO) of its agricultural unit that could raise up to US$1 billion in Singapore and Saudi Arabia, two sources with knowledge of the matter said.
The IPO, the first of such a dual listing in the world, is subject to regulatory approval, one of the sources added.
The sources could not be named as the information was not yet public.
Most of the IPO&rsquo s processes have been completed, ranging from hosting global roadshows to getting indicative commitments from anchor investors, one of the sources added.
Olam declined to comment.
The dual IPO on the stock exchanges of Singapore and Saudi Arabia would make Olam Agri the first company to list in both countries and also the first non-Gulf Cooperation Council incorporated business to list in Saudi Arabia.
The dual listing would also solidify South-east Asia as a global IPO hot spot. The region is the only part of the Asia-Pacific region, excluding Japan, where the IPO market has grown this year, rising 4.5 per cent to $2.23 billion, according to Refinitiv data.
The share sale would also give a lift to Singapore&rsquo s IPO activity, which amounted to only US$68.7 million last year, not counting IPOs of special purpose acquisition companies, versus US$1.94 billion in 2021, Refinitiv data showed.
The plan to list Olam Agri comes after Singapore-based commodity trader Olam sold a 35.4 per cent stake in the unit last year for US$1.24 billion to Saudi Agricultural and Livestock Investment, a unit of Saudi&rsquo s sovereign wealth fund Public Investment Fund.
The deal valued Olam Agri at an equity valuation of US$3.5 billion, Olam said previously.
Besides Olam Agri, Olam has plans to list its other unit, Olam Food Ingredients, as part of a business overhaul flagged three years ago. The listing will take place after Olam Agri&rsquo s IPO, Sunny Verghese, Olam&rsquo s co-founder and group chief executive officer, told a news conference in January.
Olam is one of the world&rsquo s biggest agricultural commodity traders. It counts Singapore state investor Temasek as its largest shareholder with a 51 per cent stake, followed by Japanese trading house Mitsubishi Corp with 14.4 per cent, Refinitiv data showed.
yes this was circulated to all SH , what is the point you wish to input ?
Standard and proceeding as normal in my view.
Standard and proceeding as normal in my view.
| spursfan ( Date: 18-Apr-2023 15:03) Posted: |
Few attempts to break 1.65 was unsuccessful previously. Will this time able to clear it. ?
Hv faith and patience to be
Rewarded ...
Hv faith and patience to be
Rewarded ...
Waiting for Olam to breakout and go higher
Pending for court hearing to approve capital
reduction for OA which is scheduled tmr 10 am
IPO coming soon
Pending for court hearing to approve capital
reduction for OA which is scheduled tmr 10 am
IPO coming soon
Will you come today ?
今 天 你 会 不 会 来 ？
今 天 你 会 不 会 来 ？
Let's see when the flood gate wl open
Despite some opposing forces
Matter of time
Despite some opposing forces
Matter of time
Building the base for the next push
Wl it be Fast & Furious ?
Wl it be Fast & Furious ?