Singapore Stocks: Olam, Noble, Bumitama, IEV Holdings
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, gained 2.2 percent to S$2.31. Noble Group Ltd. (NOBL) , Asia’s biggest listed commodities trader, jumped 2.7 percent to S$1.33.
Bumitama Agri Ltd. (BAL) , an Indonesian palm-oil producer, jumped 31 percent to 98 Singapore cents. The company raised S$222 million ($176 million), selling 297.6 million shares for 74.5 Singapore cents each in its initial public offering.
Cosco Corp. Singapore Ltd. (COS SP), a shipbuilding unit of China’s biggest shipping company, rose 1.4 percent to S$1.11. Cosco said its subsidiary Cosco (Nantong) Shipyard Co. has won a contract from Seadrill to construct a self-erecting tender drilling rig.
IEV Holdings Ltd. (IEV) , which provides engineering services to the offshore oil and gas industry, climbed 2.9 percent to 87.5 Singapore cents. IEV Holdings said it will get a 45 percent cash dividend from its associate company CNG Vietnam Joint Stock Co., bringing the total payment ratio to 70 percent, for the year ended Dec. 31.
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